Ann: Trading Update, page-347

Maybe some oxygen that Dmp may breathe easier
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USD/JPY (^USDJPY) Thursday fell by -0.02%. The yen finished modestly higher Thursday after short covering emerged when Japan's Vice Finance Minister and top currency official Kanda said, "We are closely monitoring market trends with a high sense of urgency." The yen on Wednesday posted a 37-year low against the dollar. Also boosting the yen Thursday was the stronger-than-expected Japan May retail sales report and an upbeat assessment of Japan’s economy by Japan's Cabinet Office.

Japan's May retail sales rose +1.7% m/m, stronger than expectations of +0.8% m/m.

Japan's Cabinet Office said the Japanese economy recovered at a moderate pace in June despite some areas of weakness, maintaining the same overall assessment for a 5th consecutive month.

Japan's Vice Finance Minister and top currency official, Kanda, said, "I have serious concerns about the rapid weakening of the yen, and we are closely monitoring market trends with a high sense of urgency."

Swaps are pricing in the chances for a +10 bp rate increase by the BOJ at 52% for the July 31 meeting and 55% for the September 20 meeting."
https://www.barchart.com/story/news/27086099/dollar-slips-on-weak-us-economic-reports