The Japanese text translates to: Dollar/Yen continues to fall on the decline in U.S. 10-year Treasury yields.

【7/10Market Overview

In Tokyo time, the dollar/yen moved lower from the previous day's dollar selling trend to145.75yen. After that, as the Nikkei average briefly pared its losses,146.41yen was bought back. In European hours, the dollar/yen hovered around146.20yen. In New York time, aided by the weaker-than-expected figures for the prior week's continuing jobless claims and the rise in U.S. 10-year Treasury yields, the dollar/yen rose to146.78yen. Thereafter, as the 10-year Treasury yield gradually narrowed its gains, the dollar/yen fell to146.16yen.

Additionally, St. Louis Fed President James BullardBullardsaid,“A rate cut in July is under consideration” and “my views on rates are not political,” among other remarks. Also, Federal Reserve Bank of St. Louis President James Bullard commented that “there are upside risks to inflation,” and that “tariffs are expected to raise the inflation rate.”

【7/11Market View