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US President Trump: Will discuss Russia-Ukraine issue with NATO.
2026-07-06
US President Trump: Will discuss Russia-Ukraine issue with NATO.
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2026-07-06
Goldman Sachs cut its yen forecast, now projecting USD/JPY at 165 within a year (prior forecast 155), making it one of the most bearish institutions on the currency. Strategist Fishman cited widening US‑Japan rate differentials, Japanese fiscal press
Goldman Sachs cut its yen forecast, now projecting USD/JPY at 165 within a year (prior forecast 155), making it one of the most bearish institutions on the currency. Strategist Fishman cited widening US‑Japan rate differentials, Japanese fiscal pressure, elevated US Treasury yields and slow Bank of Japan tightening as drivers of further weakness, even as the currency appears deeply undervalued. Goldman raised its near-term USD/JPY forecasts to 162 in three months and 163 in six months (previously 160 and 158). The bank said official intervention would likely be short‑lived and the underlying causes of depreciation remain. Hedge funds’ short positions on the yen hit a high not seen since 2017 last month, and market-implied probability of USD/JPY at 165 by June next year is about 72%. Goldman also favors using the yen as a funding currency for carry trades.
2026-07-07
Key Economic Data and Events to Watch Today: Tuesday, July 7, 2026 ① Pending: China's June Foreign Exchange Reserves ② Pending: Turkey Hosts NATO Summit ③ Pending: US Deliberates Additional Tariff Proposal ④ Pending: Samsung Electronics Releases
Key Economic Data and Events to Watch Today: Tuesday, July 7, 2026 ① Pending: China's June Foreign Exchange Reserves ② Pending: Turkey Hosts NATO Summit ③ Pending: US Deliberates Additional Tariff Proposal ④ Pending: Samsung Electronics Releases Q2 Earnings Forecast ⑤ 14:00 Germany's May Seasonally Adjusted Industrial Production MoM ⑥ 14:00 UK's June Halifax Seasonally Adjusted House Price Index MoM ⑦ 14:45 France's May Trade Balance ⑧ 20:15 US ADP Employment Change for the Week Ending June 20 ⑨ 20:30 US May Trade Balance ⑩ 00:00 (Next Day): EIA Releases Monthly Short-Term Energy Outlook Report ⑪ 04:30 (Next Day): US API Crude Oil Inventories for the Week Ending July 3
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