The Bank of Japan (BoJ) latest quarterly report showed on Thursday that there's no change to the overall assessment for all 9 Japanese regions. Most regional economies are seen as "recovering moderately" still.

USD/IDR extends its gains for the second successive day, trading around 18,140 during the Asian hours on Thursday. The Indonesian Rupiah (IDR) holds losses ahead of May’s Retail Sales data due later in the day. US weekly Initial Jobless Claims will be eyed later in the North American session.

The USD/CAD pair loses ground to near 1.4165 during the Asian trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await the US weekly Initial Jobless Claims report later on Thursday.

China’s Consumer Price Index (CPI) climbed 1.0% in June from a year ago after arriving at a rise of 1.2% in May, the National Bureau of Statistics of China reported on Thursday. The market consensus was for 1.1% in the reported period.

China Consumer Price Index (MoM) below expectations (-0.2%) in June: Actual (-0.3%)

China Producer Price Index (YoY) meets expectations (4.1%) in June

China Consumer Price Index (YoY) came in at 1% below forecasts (1.1%) in June

Japan Money Supply M2+CD (YoY) declined to 2.2% in June from previous 2.5%

Japan Foreign Investment in Japan Stocks down to ¥-22.2B in July 3 from previous ¥-1B

United Kingdom RICS Housing Price Balance below forecasts (-30%) in June: Actual (-33%)

United Overseas Bank’s (UOB) Senior Technical Strategist Quek Ser Leang notes that USD/CNH has broken higher, with momentum improving after Monday’s move to 6.8051 and a close at 6.8038.

New Zealand Business NZ PMI rose from previous 49.9 to 59.7 in June

TD Securities’ Senior Asia Economist Alex Loo argues that China’s fiscal stance is turning austere as local governments prioritize debt clean-up over growth.

The US has begun a fresh series of strikes on Iran, hitting more than 80 targets in and around the Strait of Hormuz only days after the latest patch on the Versailles accord. President Trump now calls the agreement over, even while leaving the door open to talks.

Commerzbank’s Charlie Lay highlights that USD/THB edged higher as Thai inflation data support a steady policy stance. Lay links the move to expectations that the Bank of Thailand (BoT) will keep interest rates on hold at 1% through at least the next meeting.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights an extended broad rally in South Korean Won (KRW) as Korean equities underperform, reducing rebalancing outflows.

Argentina Industrial Output n.s.a (YoY) down to -5.7% in May from previous -2.8%

United States Consumer Credit Change below forecasts ($17.1B) in May: Actual ($-0.18B)

United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD is edging higher after a period of tight consolidation, with intraday upside seen as limited below nearby resistance.

The Federal Reserve released the minutes of its June 16-17 FOMC monetary policy meeting on July 8. The document indicates that the Fed has completely shifted to a neutral, wait-and-see stance, with up

United States 10-Year Note Auction climbed from previous 4.538% to 4.58%

Rabobank's Senior FX Strategist Jane Foley discusses UK political dynamics, noting Burnham’s likely unchallenged path to becoming Prime Minister on July 20 and his popularity within Labour.

Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is slightly softer but supported by a sharp repricing of Bank of England (BoE) tightening.

Societe Generale strategist Kunal Kundu expects India’s June 2026 headline Consumer Price Index (CPI) inflation to print around 4.1% year-on-year, slightly above May’s 3.9% but still within the RBI’s tolerance band.

United States Wholesale Inventories registered at 0.1%, below expectations (0.3%) in May

Standard Chartered analysis by Christopher Graham and Saabir Salad discusses Andy Burnham’s stance against an early UK general election if he becomes prime minister.

United States (US) President Donald Trump stepped up his rhetoric against Iran on Wednesday on the sidelines of the North Atlantic Treaty Organisation (NATO) summit, according to comments cited by Reuters.

The United States (US) Federal Reserve (Fed) will release the Minutes of the June 16-17 Federal Open Market Committee (FOMC) meeting on Wednesday at 18:00 GMT. The Minutes should shed more light on the Fed’s hawkish hold delivered at Kevin Warsh’s first meeting as Fed Chair.

DBS Group Research’s Philip Wee reports that the New York Fed’s June Survey of Consumer Expectations showed 1-year inflation expectations rising to 3.7%, with 3-year expectations at 3.3% and 5-year unchanged at 3%.

National Bank of Canada’s (NBC) strategist Alexandra Ducharme reports Canada’s merchandise trade surplus hit a four-year high in May as exports reached a record C$77.1 billion. Gains were driven by metal ores and non-metallic minerals, while energy exports declined.