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• ECB speakers Tuesday include Bank of France Governor François Villeroy de Galhau
• Here comes the yen verbal intervention - Hayashi says no comment on FX intervention
• US data focus for Tuesday - June 2024 retail sales - the range of expectations to watch
• Fed's Kugler is speaking on Tuesday
• PBOC sets USD/ CNY reference rate for today at 7.1328 (vs. estimate at 7.2671)
• Elon Musk plans to commit around US$45 million a month backing Trump
• WSJ: China's Economy Is in Trouble - Xi Jinping leaving long-running problems to fester
• BlackRock CEO Larry Fink says he was wrong on Bitcoin - now says its legitimate
• US oil industry group (API) warn about trade war backlash if US ramps up tariffs
• Goldman Sachs trim its forecast for China's 2024 growth a litte, to 4.9% (from 5.0)
• China Plenum continues today - GDP miss yesterday increases calls for stimulus
• US (R) Senator calls on Trump to rethink 60% tariff plan
• BlackRock's Rieder says "much, much closer to normalcy" - see September Fed rate cut
• Forexlive Americas FX news wrap 15 Jul: "Trump Trade"  was in full swing. Yields/stocks up
• Fed's Daly says she sees a policy adjustment over the coming term
• Trump running mate Vance a supporter of US dollar devaluation - "make it easier to export"
• Spot Ether ETFs are likely to begin trading on Tuesday July 23 (unnamed sources)
• Stocks move toward new lows going into the last 101-15 minutes but bounces into the close.
• Trade ideas thread - Tuesday, 16 July, insightful charts, technical analysis, ideas

It
was a session empty of fresh news and data.

About
the only thing we got was Federal Reserve Bank of San Francisco
President Mary Daly speaking. Daly was in line with other Fed
officials' comments, saying inflation is getting closer to target
and rate cuts are not too far off. She wasn't specific on a timeline, unsurprisingly.

USD/JPY
gained ground, grinding up above 158.60. We have had Japan's
chief cabinet secretary Hayashi with
some verbal intervention, but with little effect.

Now
it looks like we await the US retail sales data for June.