Forex Factory is flagging USD/JPY and oil trades as critical plays to watch. The weaker yen has pushed first-half bankruptcies in Japan to their top figures since 2022. Traders are now nervous after the yen made a sharp move. Many fear a growing chance of government intervention.
Meanwhile, U.S. June jobs data is expected to show consistent employment gains. But economists see deeper issues beneath the surface. Separately, Forex Factory pointed to the 5th Banco de Espana-CEMFI-UIMP Conference on the Spanish Economy, which focused on housing challenges and prospects in Spain.