Japan's top foreign-exchange official MIMURA said he is maintaining close contact with relevant foreign-exchange supervisory authorities.

Germany's July 2026 headline inflation is forecast at 2.8% YoY, with core inflation excluding food and energy seen at 2.4% YoY. Energy prices are projected to rise 8.3% YoY, with the pace accelerating sharply from the prior month. Analyst Giuseppe Dellamotta said core disinflation is positive for the ECB; if euro-area CPI follows a similar path, the likelihood of a September ECB rate hike could fall. Markets will watch developments in the Middle East — any de‑escalation would materially reduce the urgency for further ECB tightening.

Derek Halpenny at Mitsubishi UFJ said in a note that if the Bank of England’s rate decision strengthens market expectations of a September rate hike, the pound could appreciate. He warned the BOE may express greater concern about spillovers from the Middle East conflict; prolonged energy-price rises now look a larger risk than at June’s meeting and could "certainly force the Bank of England to act, even with mixed labour market conditions." Markets currently price roughly a 50% probability of a September hike.