以色列央行：美國與伊朗簽署的諒解備忘錄導致能源價格下降，全球地緣政治緊張局勢有所緩和，但不確定性水平仍然很高。

Goldman Sachs cut its yen forecast, now projecting USD/JPY at 165 within a year (prior forecast 155), making it one of the most bearish institutions on the currency. Strategist Fishman cited widening US‑Japan rate differentials, Japanese fiscal pressure, elevated US Treasury yields and slow Bank of Japan tightening as drivers of further yen weakness, even as the currency appears deeply undervalued. Goldman raised its near-term USD/JPY forecasts to 162 in three months and 163 in six months (previously 160 and 158). The bank said official intervention would likely be short‑lived and the underlying causes of depreciation remain. Hedge funds’ short positions on the yen hit a high not seen since 2017 last month, and market-implied probability of USD/JPY at 165 by June next year is about 72%. Goldman also favors using the yen as a funding currency for carry trades.

JP Morgan maintained an Overweight rating on Tencent (00700.HK) and a HK$690 target price. The bank says uncertainty around the WeChat AI Agent centers on whether it can fully integrate into WeChat, secure trading permissions, and build a supplier network accessible to the agent without relying on existing e‑commerce inventory. With beta testing begun in June, JP Morgan’s confidence in its value‑creation framework has risen; the service is now visible enough to distinguish implemented elements from those still to be developed, shifting the project from an open‑ended AI option to a phased rollout with observable milestones. JP Morgan expects the initial share‑price impact will more likely stem from a lower risk premium and multiple expansion than from near‑term EPS upside.