The $USDJPY just hit its weakest level since 1986, and Tokyo may be about to fight back.
- #USDJPY is trading near 162, just off a 40-year high of 162.84. Japan spent a record $72.5 billion (11.7 trillion yen) defending the yen across April and May, and the Bank of Japan
Fed minutes headline a light data week, keeping USD sentiment and rate expectations in focus.
Services activity and trade balance figures put 🇺🇸 #USD and 🇪🇺 #EUR in the spotlight, while a sharp drop in Canadian business activity could weigh on #CAD.
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France Industrial Production data moves EUR as US markets stay dark.
French factory output for May is the sole focus today, with consensus pointing to a 0.5% monthly rise from 0.1% prior. With the US closed for Independence Day, thin liquidity amplifies any EUR reaction beyond
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ETF outflows, regulatory delays, and Bitcoin just above $60K—but even a little rate-cut hope can lift the mood.
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US jobs day — NFP and Unemployment Rate put USD, Gold, and BTC on alert.
June's Non-Farm Payrolls are forecast to nearly halve from May's 172K print to just 90K, a sharp slowdown that could cement Fed rate cut bets. A miss on payrolls or a rising unemployment rate would pressure