#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
Mizuho Securities: The hawkish attitude of the Central Bank of Japan's meeting this month will be lower than expected
On July 18, Jin10 Data reported that if the Federal Reserve only cuts the Interest Rate by 50 basis points by the end of this year, the USD/JPY exchange rate seems to be reasonable at around 155. Shoki Omori, chief strategist in Tokyo at the bank, said that the hawkish attitude of the Bank of Japan at its July meeting will be lower than expected by overseas investors. Trading opportunities for the yen against other currencies (including the Australian dollar and pound) may be more than against the US dollar, and the yen against the US dollar may resume its decline after the impact of Trump's currency speech and comments by Taro Kono, the digital minister, on the weakness of Japan's currency has faded.