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23:26
Macquarie: The latest intervention level for USD/JPY may be around 165
Golden Ten Data reported on July 2 that Macquarie Group expects Japanese authorities may be preparing for new foreign exchange intervention actions, but could wait until the USD/JPY rises to around 165 before acting. The institution also believes that any forex market intervention may wait until after the release of today’s US non-farm payroll data. Macquarie stated: "If the non-farm data is weak, it could create the optimal conditions for intervention, thereby maximizing the effect. Conversely, if intervention takes place today and strong non-farm data subsequently drives a broad US dollar rally, it would be a waste of ‘ammunition’."
23:09
Solid Power, Inc. announced the appointment of Uwe Breitweg to its board of directors, aiming to strengthen the company's expertise in the automotive industry and battery strategy sector.
Breitweg's addition will bring valuable industry insights and strategic experience to the board of directors, further promoting the company's development in the solid-state battery technology sector.
23:09
Prediction markets: Kalshi traders believe that with June energy prices falling, US inflation peaked in May
Speculators on the prediction market platform Kalshi believe there is only a 28% chance that this year’s overall U.S. inflation rate will exceed 4.2% (that is, May’s year-on-year CPI increase). The next CPI report, which measures the inflation level for June, will be released by the U.S. Bureau of Labor Statistics (BLS) on July 14.
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