意大利7月CPI年率初值 2.8%，预期2.80%，前值3.00%。

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.

Hefei will continue a technology-first growth strategy, preserve an industrial-city orientation and reinforce enterprises as the primary innovation agents, the city government said. R&D intensity rose to 4.11% of GDP, ranking Hefei 12th among global research cities and 39th for technology clusters. Looking into the 15th Five-Year Plan period, the city said it will deepen participation in the Shanghai (Yangtze River Delta) International Science and Technology Innovation Center, support reform of Hefei Binhu Science City, improve the innovation ecosystem, speed commercialization of scientific results and address mismatches between innovation chains and industrial chains.