Onshore RMB closed at 6.7784 per USD at 16:30 on July 10, up 151 pips versus the previous trading day.

Japan Aerospace Exploration Agency (JAXA) will test-launch an experimental reusable rocket, the RV-X, on Saturday from its Noshiro Rocket Test Center in Akita prefecture to cut launch costs and respond to SpaceX technology. The flight, originally planned for March, was delayed by bad weather and equipment faults. JAXA has been developing reusable launchers since 2016 and carried out multiple engine burn tests last year; it aims to field a lower-cost reusable rocket in the early 2030s to replace the H3 as its primary launcher.

Federal Reserve's semiannual report said previously-strong inf accelerated further in spring.