Yen traders eye BOJ minutes, China eyes rebound
The final trading week of the first half of the year gets underway on Monday, with Asia's scorecard looking reasonably positive from an equity perspective, mixed through a currency and bond lens, and more bleak from a Chinese market angle.
With the Bank of Japan's next policy meeting not until July 30-31, it may require verbal or direct intervention again to halt the yen's slide. The BOJ's summary of opinions from its June 13-14 policy meeting, to be released on Monday, will be closely watched. With the end of the first half in sight, however, some investors will want to lock in profits and square positions. The slide in Nvidia shares last week - their first weekly decline in nine - could be a sign of how this week will play out.is barely in positive territory for the year, has lost 5% in the last month, and is on its worst weekly losing streak in six years.
But Barclays analysts say the selloff is overdone, and the bar is low for market-friendly positive surprises from next month's 'plenum' - a key meeting of the Communist Party's central committee. They recommend positioning for a rebound.Scan QR code to install app
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