The yen rose 1.1% to 154.56 per dollar, its strongest since February and above levels reached after the US-Japan joint intervention. The rebound was aided by rising bets on Bank of Japan policy tightening and speculation that the Government Pension Investment Fund (GPIF) may shift asset allocations. Markets have questioned the long-term effectiveness of coordinated Tokyo-Washington intervention in recent weeks. Japan’s top FX official Atsushi Mimura said last Friday his stance on the yen has not

JEFFERIES analyst Edison Lee says Apple’s new CEO John Ternus will unveil his first product lineup on Wednesday, marking the start of a three- to five-year product cycle planned before his appointment to revive upgrade demand. Lee says iPhone demand is saturated and Apple must push new form factors to drive replacements rather than rely on existing designs to extract higher prices. UBS’s David Vogt forecasts at least 10 mln first-year sales for an Apple foldable—roughly equal to Samsung’s trailing-12-month foldable volumes—and notes that, versus ~250 mln annual iPhone shipments, the segment is small but can raise handset ASPs. Vogt adds that under supply pressure Apple would favor producing higher‑priced models and cutting low‑end output. Multiple analysts expect Apple to raise prices across the iPhone line this week, a move that could attract as much market attention as any new hardware.

英国财政大臣希利：不会错失人工智能发展机遇，但也不会允许其在没有监管的情况下扩散。