Data Compilation for Today: Daily Global Forex Market News Brief (July 2)

US Dollar:

1. Powell: Cannot assert whether a rate cut in July is too early; does not rule out any meeting.

2. Trump: Does not consider extending the deadline for tariff negotiations; may increase tariffs on Japan.

3. "Fed Mouthpiece": Powell maintains flexibility; factors influencing rate cut decisions have changed.

4. US May JOLTs job openings unexpectedly rose to the highest level since November last year.

5. US Treasury Secretary Basent: Believes the Fed will cut rates before autumn, but will definitely do so by September at the latest.

6. Trump's tax bill passes in the Senate. The House of Representatives is scheduled to debate and vote on the bill on Wednesday local time.

Major Non-USD Currencies:

1. Bank of Japan Governor Ueda Kazuo: Current interest rates are below neutral levels. Any rate hike measures will depend on three factors regarding inflation dynamics.

2. European Central Bank President Lagarde: Has not declared the mission accomplished, but the goal has been reached. Must remain highly vigilant regarding inflation.

3. Bank of England Governor Bailey: The trend of interest rates still shows a downward trajectory. There is significant uncertainty regarding the level of the terminal rate.

4. European Central Bank Vice President Guindos: An exchange rate of 1.17 for the euro against the dollar is completely acceptable; even rising to 1.20 is within a tolerable range. However, if it exceeds 1.20 further, the situation may become more complicated.

5. European Central Bank Governing Council Member Kazaks: A further significant rise in the euro may provide reasons for another rate cut.

6. European Central Bank Governing Council Member Müller: Rates can remain unchanged in July. There is currently no need to cut rates to stimulate the economy.

7. According to Asahi Shimbun: Japan's Minister for Economic Revitalization Akizawa Ryozo is arranging to visit the US for trade negotiations as early as this weekend.

Others:

1. Bank of Korea Governor Lee Chang-yong: Still in an easing cycle. Will closely monitor financial stability risks when deciding whether to cut rates further.

2. Hong Kong Monetary Authority buys HKD 20.018 billion in the market as the HKD exchange rate hits the weak-side Convertibility Undertaking.