After the largest virus infections since September, Australian policymakers tighten activity restrictions in crucial locations, such as New South Wales, while also indicating that lockdowns will be extended for a few weeks.
On the other side, Japanese officials have already extended the Tokyo emergency and are prepared to provide free vaccine passports, not to mention hold no-spectator Olympics, in order to deflect criticism of holding a sporting event in the midst of a pandemic.
Alternatively, UK diplomats continue to work on a July 19 unlock date, while US health officials deny the necessity for Pfizer booster shots for fully vaccinated Americans.
Stock futures are actually moving near the record high, while shares in Australia and Japan have gained 0.50 percent and 0.78 percent, respectively, as of press time. The 10-year Treasury yields in the United States have remained firmer for the third day in a row.
Moving on, the conflicting headlines and China’s June trade data may entice intraday traders. However, the Bank of Japan’s (BOJ) monetary policy meeting this week will be closely watched, as officials may reduce economic predictions in the wake of the virus’s recovery, putting pressure on the Japanese yen (JPY).
(Source: FX Street)
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