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USDJPY! PPI not as friendly

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The Dow Industrial Average average can't close at a record but closes just above 40,000
The 2-10 year yield rises to -27.3 basis points. A close here will be highest since Jan 29
Crude oil futures settle at $82.21
Stock earnings for the quarter were kicked off. What's on tap for next week?
What happens after the first rate cut. Recession? Stocks move lower?
A number of currency pairs stretched to key target levels including the NZDUSD. What next?
Keep an eye on China's Third Plenum meeting next week
Japan's Kanda: Won't say whether intervention was conducted or not
House Democratic leader Jeffries met with Biden yesterday. The read-out isn't glowing
UMich July consumer sentiment 66.0 vs 68.5 expected
Kickstart the FX trading day for July 12 w/a technical look at the EURUSD, USDJPY & GBPUSD

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