Preview - BOJ to hold rates this week, may signal future hikes as outlook improvesJapan USD550bn investment initiative in the US will only have 1 - 2% of equity investementEthereum has hit its highest since December 2024Samsung signs US$16.5 billion chip deal with Tesla (unnamed firm named by Bloomberg)South Korea offers shipbuilding investment to U.S. ahead of tariff deadlineChina to establish a preliminary nationwide unified power market by the end of the yearJapan Chief Cabinet Secretary Hayashi says trade deals trim uncertainty on US trade policyAustralian inflation data due this week (Wednesday) is a HUGE event for the RBA outlookPBOC sets USD/ CNY reference rate for today at 7.1467 (vs. estimate at 7.1653)Samsung secured US$16.5 billion contract to provide semiconductors to a major global firmKey AUD prop - Aust pension funds boost hedging of US assets over policy uncertaintiesBloomberg: Oil prices caught between a $70 summer and growing surplus fearsEUR/USD update after the EU/US trade tariff framework dealUS official confirms EU/US trade framework did not decide on aircraft tariffsUS equity index futures jump higher to open the new week's trade - EU/US trade dealUK Prime Minister Starmer will meet Trump on Monday for more trade negotiationsWhite House bomb scare: Suspicious packageEU President von der Leyen summarises the EU/US trade deal frameworkIndustrial profits in China fell 4.3% y/y in June, following a 9.1% drop in MayEconomic calendar in Asia Monday, July 28, 2025 - emptyU.S. and China will meet in Stockholm on Monday, 90 day extension expectedUS and EU reach a framework trade deal, 15% tariff rate, EU to purchase energy from the USMonday open levels, indicative FX prices, 28 July 2025 - EUR up on US/EU 'framework' dealNewsquawk Week Ahead: Trade talks and deadlines, Fed, BoJ, BoC, US NFP, Mfg PMI, PCE, QRALutnick: No more extensions of tariffs past August 1. $700B in tariffs will be collected.US and China to extend tariff pause by another 90 days - reportThe euro opened with a small gap higher in early Asian trade, supported by the announcement of a framework trade deal between the EU and the US over the weekend. Gains were modest, with EUR/USD topping out near 1.1770 before drifting to around 1.1750/55 at the time of writing.The deal, while still a framework with many details to be finalised, includes several key components:A 15% ceiling on tariffs for EU goods entering the US, which will be made permanentA commitment from the EU to purchase $750 billion worth of U.S. energy, reducing reliance on Russian suppliesAn additional $600 billion in EU investment into the U.S. economyNo stacking tariffs or applying multiple ratesReactions within the EU were mixed. Finland’s trade minister criticised the deal as unsustainable, while Germany’s Federation of German Wholesale, Foreign Trade and Services (BGA) trade lobby labelled it a “painful compromise.”The euro’s move was echoed by modest gains in AUD, GBP, and NZD, while USD/JPY and USD/CHF traded in narrow ranges. Overall FX volatility remained low. Equities and crypto markets also edged higher in response to the firmer risk tone.Elsewhere, U.S.–China trade talks are set to resume in Stockholm on Monday. While a breakthrough is not expected, negotiators are widely anticipated to extend the current tariff truce by another 90 days.On the Japan–US trade front, NHK reported that Japan’s $550 billion U.S. investment plan will be largely loan- and guarantee-based, with only 1–2% in equity. Japanese negotiator Akazawa clarified that the U.S. share of 90% of profits, as cited by the White House, applies only to the equity portion — not the full investment package.Asia-Pac stocks, Japan loses:Australia (S&P/ASX 200) +0.24%Hong Kong (Hang Seng) +0.48%Japan (Nikkei 225) -0.88%Shanghai Composite +0.03%EUR/USD: This article was written by Eamonn Sheridan at investinglive.com.