Spain Industrial Output Cal Adjusted (YoY): 3.4% (May) vs 2%

Jul 3, 2026

Forex Today: US Dollar under pressure as markets reassess Fed outlook

Here is what you need to know on Friday, July 3:

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Jul 3, 2026

Japanese Yen: Intervention risks and softer payrolls – MUFG

MUFG’s Michael Wan notes that softer US non-farm payrolls and suspected FX intervention supported the Japanese Yen, pushing USD/JPY sharply lower. He highlights that weaker payrolls reduce the likelihood of a near-term Fed rate hike but do not clarify the broader labour and inflation outlook.

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