Societe Generale economists Reo Sakida and Jin Kenzaki analyze June Tokyo Consumer Price Index (CPI), noting that overall inflation dynamics in Japan changed little from May despite a modest upside surprise in headline and core readings.
GBP/JPY trades in a narrow range on Friday as traders weigh the latest UK political developments against lingering intervention risks from Japanese authorities, with USD/JPY holding above the 161.00 level.
BNY’s Geoff Yu highlights that South Korean equities have delivered exceptional returns in 2026 while institutional investors remain net sellers, particularly from the Americas.
United States Michigan Consumer Expectations Index registered at 50.7 above expectations (49.3) in June
United States UoM 1-year Consumer Inflation Expectations meets forecasts (4.6%) in June
Geoff Yu at BNY identifies Indonesia as one of the clearest cross-asset signals in Emerging Markets (EM) APAC (Asia-Pacific).
HSBC strategists describe Malaysia as relatively resilient to elevated Oil prices thanks to its status as a net energy exporter and beneficiary of the AI (Artificial intelligence) hardware cycle.
Lee Hardman at MUFG highlights that the Japanese Yen remains near year-to-date lows versus the US Dollar, with intervention risks limiting further weakness.
Bart Melek at TD Securities argues that Strait of Hormuz disruptions have driven Oil inventories to historically low levels, leaving Brent oversold and vulnerable to a sharp short-covering rebound.
Commerzbank strategists note that despite lower Oil and gas prices, European Central Bank (ECB) officials still signal at least one more rate increase, which the bank forecasts for September.
USD/JPY edges lower on Friday and trades around 161.60 at the time of writing after once again failing to sustain a move above the 162.00 mark. The pair is facing profit-taking as investors remain cautious over the risk of intervention by Japanese authorities to support the domestic currency.
United States Michigan Consumer Sentiment Index came in at 49.5, below expectations (50) in June
