According to Odaily, Mitsubishi UFJ's Derek Halpenny indicated in a report that the U.S. dollar might weaken if the market increases its bets on a Federal Reserve rate cut in July. Data from LSEG suggests there is approximately a 21% chance of a rate cut in July. Halpenny noted that it would not take long for market pricing to more convincingly shift towards a July rate cut. He mentioned that a weaker-than-expected non-farm payroll report next Thursday and potentially lower inflation data on July 15 could trigger this trend.