Switzerland June CPI YoY 0.5% (exp. 0.5%), previous 0.6%.

European equities were mixed on July 1 (Wed): Germany's DAX 30 closed up 64.28 pts (+0.26%) at 25,043.53; UK’s FTSE 100 fell 19.51 pts (-0.19%) to 10,477.61; France's CAC 40 fell 66.70 pts (-0.79%) to 8,337.29; Euro Stoxx 50 fell 46.49 pts (-0.73%) to 6,281.60; Spain's IBEX 35 fell 49.67 pts (-0.26%) to 19,409.03; Italy's FTSE MIB fell 78.93 pts (-0.15%) to 51,603.50.

TD Securities' macro research team says a US-Japan joint FX intervention to support the yen appears likely. The team notes MIMURA repeatedly referenced the United States in a Wednesday interview, signaling an attempt to secure US agreement for bilateral action, which would be stronger than a unilateral intervention. TD Securities warns that in that scenario USD/JPY's decline could far exceed the roughly 5-yen move typical of past unilateral interventions. The firm views MIMURA's comments as a clear warning to yen speculators not to push USD/JPY below 163.