EUR/USD
1.14443
0.031%
Gold
4139.12
-0.619%
Oil
69.058
0.707%
USD/JPY
161.828
-0.155%
GBP/USD
1.33981
0.063%
GBP/JPY
216.825
-0.089%
Real-time News
July 7 – Japanese Economy, Trade and Industry Minister Minoru Jonouchi stated that media reports claiming the government of Prime Minister Sanae Takaichi was attempting to lower interest rates were completely inaccurate. At a regular press conference in Tokyo on Tuesday, Jonouchi said, “Reports that the government is encouraging low interest rates as part of its fiscal expansion policy are baseless. If our intentions have not been accurately conveyed, we will work harder to improve understanding.” Jonouchi’s remarks come as financial markets closely watch how Takaichi will implement her economic strategy through large-scale investment without exacerbating the already heavy debt burden. Last month, Jonouchi represented the Japanese government at a Bank of Japan board meeting, where policymakers raised the benchmark interest rate to 1%, the highest level in 31 years.Sources indicate that USD/KRW foreign exchange trading related to the SK Hynix ADR listing is expected to take place around July 15.July 7th - Abhijit Suria, senior Asia-Pacific economist at Capital Economics, stated that the slowdown in Japanese wage growth in May is unlikely to prevent the Bank of Japan from further interest rate hikes. He pointed out that preliminary data released earlier showed that the growth rate of Japanese labor cash income slowed to 3.2% in May from 3.6% in April. Suria said, "Despite the recent slowdown, various indicators of basic wage growth remain well above the 2025 average and are still high relative to historical levels." He added, "We believe that todays data is unlikely to change the Bank of Japans fundamental assessment that the labor market remains tight." Capital Economics maintains its view that the Bank of Japan will raise interest rates to 2% by the end of 2027.The yield on Japans 40-year government bonds rose 1.0 basis point to 3.935%.On July 7, Pan Gongsheng, Governor of the Peoples Bank of China, stated at the Hong Kong Fixed Income and Currency Summit and Bond Connect Forum that in the past year, bonds in multiple currencies, including Hong Kong dollars, US dollars, euros, and Japanese yen, have developed steadily. The outstanding amount of Dim Sum bonds has exceeded two trillion yuan, the number of relevant issuers has become more diverse, and market liquidity has continued to improve.