Group 1 - The core finding of the Bank of Japan's June quarterly survey indicates that 85.1% of Japanese households expect prices to rise in the next year, a slight decrease from 86.7% in the previous survey [1]

Economic Data and Market Sentiment - The market is experiencing a downward trend, with increasing bets on the easing of trade risks and a delay in global interest rate cuts [3] - The release of a joint statement on trade tariffs has reduced expectations of chaotic trade risks, but the anticipated increase of over 10% in tariffs is still pushing global price inflation expectations higher [3] - The upcoming release of the US April PPI and retail sales data is being closely monitored, with potential risks of data volatility [3][4] Key Economic Indicators - The US April PPI year-on-year is expected to be 2.5%, down from the previous 2.7%, which may negatively impact the dollar [4] - The core PPI year-on-year is anticipated to decrease to 3.1% from 3.3%, also likely to be bearish for the dollar [4] - Retail sales month-on-month for April is expected to remain flat at 0%, down from a previous increase of 1.4%, which could further weigh on the dollar [4] Gold Market Analysis - Gold prices have shown a significant decline, breaking below the 3200 mark, indicating a bearish trend [5] - The highest price for gold yesterday was 3257.8, while the lowest was 3174.8, resulting in a maximum trading range of 83 dollars and a final drop of 70.8 dollars [5] - The market structure suggests continued downward pressure, with potential further declines towards the 3100 level [6]