EUR/USD
1.14061
0.075%
Gold
4131.14
1.313%
Oil
84.789
0.703%
USD/JPY
163.151
-0.021%
GBP/USD
1.33822
0.060%
GBP/JPY
218.337
0.052%
Real-time News
On July 22, Mitsubishi Electric and Sony announced a joint venture to provide factory automation services by combining their respective technological strengths in artificial intelligence and image sensors. The joint venture, named Advanced Vision Solutions, will begin operations in October, with Mitsubishi Electric holding a 60% stake and Sony holding 40%. Just a week earlier, Nvidia (NVDA.O) CEO Jensen Huang urged Japan to fully commit to the upcoming wave of physical AI.Nikita Bier, Product Manager at X: As the product manager at X, I have conducted a thorough review of all applicable laws and concluded that I do not have the authority to shut down LinkedIn.Beyer: Initiated coverage research on Coreweave (CRWV.O), giving it an Outperform rating; target price of $100.Beyer: Initiating coverage research on IBM (IBM.N) with a neutral rating and a target price of $230.On July 22, Japans imports surged 25.4% year-on-year in June, reaching a record 11.3 trillion yen (approximately US$69.25 billion), driven by a weaker yen and soaring oil prices. This increase exceeded market expectations of 21% and was the fastest pace since November 2022, resulting in a trade deficit of 406.9 billion yen (approximately US$2.49 billion) in June, far exceeding the previously predicted 120 billion yen. While crude oil imports declined by 13.7% year-on-year, the import value surged by 59.3%, with yen-denominated unit prices also reaching a record high, highlighting that current inflationary pressures are largely driven by exchange rate factors rather than demand growth. This means that the yens appreciation has a more significant effect on alleviating import cost pressures than potential short-term changes in oil demand. On the export side, the resilience of demand from data centers related to artificial intelligence provides the Bank of Japan with real economic growth support that can be used to offset inflationary risks. This combination of factors suggests that the Bank of Japan is more likely to adopt a cautious, gradual interest rate hike path rather than a sudden and sharp tightening of policy. The market currently expects the Bank of Japan to keep interest rates unchanged next week, but will maintain its tightening policy stance.
