Amazon (AMZN.O) CEO said companies with the technical capability will use proprietary data to build their own foundation models.

The yen rallied about 2% as USD/JPY fell roughly 2.6% intraday, the largest move since Japan’s earlier intervention; USD/JPY has plunged over 300 pips to 159.19 at time of writing. Markets are pricing an increased chance of fresh Japanese authorities support for the yen. The currency had earlier weakened to near 40-year lows. Japan carried out record FX intervention totaling JPY 11.73 tln (~$73.2 bln) between Apr 28 and May 27 to prevent USD/JPY from falling below the 160 level, but the yen remained under pressure thereafter. Japan’s Ministry of Finance foreign reserve data indicate funds for its recent interventions likely came from sales of foreign securities holdings, including US Treasuries.

The Implementation Opinions call for strengthening the legal framework for corporate governance: accelerate drafting and revision of major financial laws and regulations; improve shareholder equity rules, corporate governance and market-exit mechanisms; raise penalties for violations; and strengthen coordination between administrative enforcement and criminal justice to improve systems for punishing and preventing financial crime and to crack down on financial crime.