Core Viewpoint - The Euro/Yen exchange rate has risen for the fourth consecutive trading day, reaching a new high not seen since August 1992, indicating a potential for further appreciation [1] Market Sentiment - Concerns over the uncertainty of the Bank of Japan's interest rate hikes and a positive risk appetite are weakening the Yen's safe-haven status [1] - Bets on the European Central Bank halting interest rate cuts are supporting the Euro and providing backing for the Euro against the Dollar [1] Japanese Yen Performance - The Yen continues to show relative weakness due to market concerns regarding the tightening path of the Bank of Japan's policy, which is a key factor supporting the Euro/Yen cross currency pair [1] - The cautious stance of the Bank of Japan regarding further rate hikes is influenced by Prime Minister Fumio Kishida's stimulus position [1] European Central Bank Policy - The European Central Bank has completed its interest rate cuts, with officials indicating that the current monetary policy state is appropriate and little change is expected in the coming months [1] Technical Analysis - The most likely path for the Euro/Yen exchange rate is upward, supported by a closing price above the 178.25-178.30 support level, with a target to return to the psychological level of 180.00 and break through 179.00 [1]

Group 1 - The Kansas City Fed President, Esther George, will be absent from the FOMC meeting, with Minneapolis Fed President Neel Kashkari voting in her place [1] - Over 55% of respondents in a Reuters survey expressed concerns about the dollar's safe-haven status, a significant increase from about one-third in the April survey [1] - The Hong Kong Monetary Authority (HKMA) has been reducing the duration of its U.S. Treasury holdings and diversifying investments into non-U.S. assets to manage risk [1] Group 2 - The Bank of England's interest rate decision announcement will be delayed by two minutes [2] - The U.S. Senate committee is advancing the nomination of Bowman as the Fed's Vice Chair for Supervision [2] - The Bank of Japan plans to conduct its own wage survey, which could serve as a reference for policy decisions [2] - The Swiss National Bank is prepared to intervene in the foreign exchange market if necessary and has not ruled out the possibility of negative interest rates [2] - According to ING, the decline of the Norwegian krone may be limited, with a target of 11.50 for the euro against the krone by year-end [2] - A Reuters survey predicts the euro to dollar exchange rate will be 1.13 in three months, 1.14 in six months, and 1.16 in one year [2] - The majority of emerging market currencies are expected to weaken against the dollar in the next three months according to a Reuters survey [2] - JPMorgan recommends going long on the euro against the Romanian leu, stating that the Romanian currency is "clearly moving out of intervention range" [2] - The European Commission Vice President, Šefčovič, stated that the EU is prepared to respond to U.S. tariffs, with all options on the table [2]