1. 摩根大通：將美元兌日元USD/JPY目標維持在164不變，但中長期看，164可能不是終點水平。 2. 瑞銀集團：一旦干預威脅減弱，日元仍有進一步走弱的空間，因此將美元/日元目標位設在165。 3. 高盛集團：預計美元將保持強勢，所以將未來一年美元兌日元USD/JPY的目標從155上調至165。 4. 麥格理集團：日本當局可能會爲新的外匯干預行動做好準備，但或許要等到美/日升至165附近纔會出手。 5. 加皇藍灣：如果日本央行未能顯著調整其貨幣政策立場，美元兌日元貨幣對長期可能達到170甚至更高。

China A-share white-goods sector posted patchy gains; Xingshuai'er hit its daily limit-up, while Changhong Meiling, Midea Group, Kangsheng, Whirlpool and Gree Electric Appliances also rose.

UBS cut its global aluminum price forecasts to $1.50/lb for 2026 and $1.42/lb for 2027. After factoring SHFE-LME discounts, UBS lowered its China aluminum price forecasts to RMB23,000/ton for 2026 and RMB22,500/ton for 2027. UBS cut 2024 earnings estimates for Aluminum Corporation of China (Chalco) (02600.HK) and China Hongqiao Group (01378.HK) by 15% and 13% respectively, and cut 2025 estimates by 31% and 24%. UBS reduced Chalco H-share PT to HK$14.2 from HK$17.5 and Hongqiao PT to HK$36.8 from HK$46.1; both stocks retain Buy ratings.