Hong Kong retail sales YoY 7.9% in May, above forecast 6.7% and down from April's 8.6%.

At a July 2 MOFCOM press briefing, a reporter noted the Canadian international trade minister said an autumn meeting with Chinese ministers will include talks on further tariff removals for canola, peas and seafood. MOFCOM spokesperson He Yadong said Beijing and Ottawa signed a China‑Canada economic cooperation roadmap in January, guided by leaders’ consensus, creating preliminary joint arrangements for managing bilateral trade issues; economic teams have maintained close communication. China advocates resolving concerns through equal dialogue and is willing to continue expanding the cooperation list and narrowing the list of outstanding issues to support healthy, stable and sustainable China‑Canada economic and trade ties.

USD/JPY fell to a two-week low of 160.62.