HSBC say possible “line in the sand” at 155–160 for Bank of Japan USD/JPY interventionReserve Bank of New Zealand's own inflation model 2.8% y/y, down from 2.9% previouslyChina’s rare earth magnet exports to U.S. surge 660% after June trade deal breakthroughChina bars US Commerce Dept. worker from leaving amid national security, trade tensionsTrump eyes 15% tariffs on EU goods, bloc warns of sharp retaliation if no deal by Aug. 1China's President Xi and EU's von der Leyen will meet this weekUK traders will wake to this soon: Japan’s Ishiba loses majority in election blow (FT)PBOC sets USD/ CNY reference rate for today at 7.1522 (vs. estimate at 7.1784)PBOC's Loan Prime Rates unchanged: 1 year 3%, 5 year 3.5%Chatter of an imminent monetary policy easing from Singapore's central bankChina quietly issues 2025 rare earth quotas, tightening grip on EV-critical supply chainUK to launch self-driving taxi and bus services by 2026, opening new door for EV investorsUK consumer confidence sees sharpest drop since 2022 on job fears, inflation pressuresUK house prices post steepest July drop in 20+ years as sellers slash to lure buyersHas Trump's social media app been hacked?New Zealand Q2 CPI 0.5% q/q (expected 0.6%) 2.7% y/y (expected 2.8%)Trump dummy spit re Bessent: "I know better than anybody what’s good for the Market"US equity index futures open for the new week's trade on Globex. ES, NQ little changed.Yen crosses showing signs of recovery in still thin, early tradeIran, Britain, France and Germany have agreed to hold talks on Tehran's nuclear programBessent urges Trump not to fire Fed Chair Powell in private pitch to keep stabilityTrump 2025 Tariffs: Impact on the U.S. Dollar - Trader and Investor Q&ATrade ideas thread - Monday, 21 July, insightful charts, technical analysis, ideasNote - It's a Japanese holiday today, Monday, July 21, 2025 - markets are closedJPY has opened trading for the week much stronger. USD/JPY circa 147.85, EUR/JPY 172.10Monday open levels, indicative FX prices, 16 June 2025This Weekend's Crypto Long vs. Short Positions: What Traders Need to KnowEthereum Technical Analysis (opinion: 'do not short' still applies)NVDA Technical Analysis as Netflix Disappoints the MarketIs there more legs to the dollar short squeeze?Newsquawk Week Ahead: ECB, PBoC LPR, Global PMIs and the Japanese Upper House ElectionPutting a number on the poster boy of the stock marketForexlive Americas FX news wrap 18 Jul:The USD closes higher vs major currencies this weekThe Japanese yen gapped higher in early Monday trade as results came in from Japan’s Upper House election. Prime Minister Ishiba's ruling coalition suffered a major blow, losing its majority in the upper chamber — having already lost control of the lower house in October. With minority government in both chambers now, Japan looks set for a period of political uncertainty.USD/JPY briefly dipped below 147.80 in thin early trade, prior to the open in Sydney, Singapore, and Hong Kong. However, the move quickly began to reverse, with the pair rebounding above 148.60 before settling into a 148.30–148.55 range for the rest of the session. Japanese markets were closed for the Marine Day holiday, further thinning yen liquidity.New Zealand’s Q2 inflation data showed annual CPI rising 2.7% y/y (vs 2.8% expected) and 0.5% q/q (vs 0.6% expected). Core measures were mixed, with the trimmed mean slowing to 0.5% q/q from 0.8%. NZD/USD slipped on the release, eventually hitting lows around 0.5940. The Reserve Bank of New Zealand’s preferred Sectoral Factor Model, released later in the session, showed inflation easing to 2.8% y/y from 2.9% in Q1, with non-tradeable inflation dropping to 3.7% from 4.0% — keeping August rate cut expectations alive.Meanwhile, the People’s Bank of China left its Loan Prime Rates unchanged as expected:1-year LPR at 3.00%5-year LPR at 3.50%Outside of JPY and NZD, major FX pairs traded in relatively tight, rangebound fashion.Asia-Pacstocks:HongKong (Hang Seng) +0.3%Japan(Nikkei 225) Japanmarkets were closed for a the Marine Day holidayShanghaiComposite +0.4% This article was written by Eamonn Sheridan at investinglive.com.