【2026年7月10日銀行間外匯市場人民幣匯率中間價】 美元/人民幣報6.7989，下調（人民幣升值）47點； 歐元/人民幣報7.7712，上調16點； 港元/人民幣報0.86754，下調3.7點； 英鎊/人民幣報9.1157，上調59點； 澳元/人民幣報4.7173，上調23點； 加元/人民幣報4.7970，下調29點； 100日元/人民幣報4.1876，上調13點； 人民幣/俄羅斯盧布報11.2046，下調769點； 新西蘭元/人民幣報3.9150，上調296點； 人民幣/林吉特報0.59923，上調0.9點； 瑞士法郎/人民幣報8.4278，上調107點； 新加坡元/人民幣報5.2606，上調21點。

Germany's Bundestag approved a package overhauling the statutory health insurance system that mandates higher drugmaker discounts to cut billions in costs; the bill now goes to the Bundesrat amid state-level criticism. From next year drugmakers must give 15.5% discounts on most reimbursed branded medicines, up from the current 7%. The government says the measures—discounts plus spending controls, higher system contributions and greater patient co‑pays—will save about €16 billion next year; without reform public insurance faces a funding shortfall of more than €40 billion by 2030. The health minister warned contributions from workers and employers would otherwise need to rise from next year. Drugmakers including Eli Lilly and Boehringer Ingelheim have warned higher discounts could prompt them to relocate planned investment outside Germany and constrain new‑drug R&D.

Japan's finance minister Katayama said on Friday she will seek to restore market confidence by lowering the debt-to-GDP ratio and urged the Government Pension Investment Fund (GPIF) and other pension funds to increase allocations to domestic assets, saying we want the public to directly benefit from Japan's economic growth. Market moves: the yen strengthened, USD/JPY hit an intraday low of 161.28 (down 0.67%); Japan's Nikkei 225 rose as much as 2.4%; 10- and 20-year JGB yields each fell about 10bps intraday. Institutional takes: Daiwa Securities says Katayama's comments could trigger a simultaneous rebound in the yen, equities and JGBs, noting GPIF's potential reallocation is market-significant after her explicit mention of GPIF portfolio management. Lanze Securities notes GPIF—managing roughly ¥300 tln—moving into Japanese financial assets would be bullish for domestic equities and could prompt follow-through from overseas investors. Crédit Agricole warns Katayama appears to prefer structural measures over outright FX intervention; a durable yen reversal would likely require concrete steps such as a more aggressive BoJ tightening, fiscal consolidation or non-debt financing, and an actual GPIF allocation shift. Sumitomo Mitsui DS Asset Management says reducing foreign-asset exposure would ease yen depreciation, support bonds and lift stocks, but lack of detail risks a reversal if actions fall short of market expectations. Robeco expects a net positive for the yen and local assets and reduced selling pressure at the ultra-long end; GPIF cutting foreign exposure would further bolster the 10y+ curve and flatten the steepest segments. FX dealer Gaitame.com attributes the yen bounce to position-covering by overseas investors after government policy guidance and Katayama's GPIF comments, but warns the size of any GPIF move is unclear and today’s gains may be front-run, leaving follow-through dependent on overseas investor reaction.