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ChainCatcher news, in 2026, Sandisk rose by more than 530% cumulatively and Micron by more than 230%, reflecting the market's demand in the first half of the year for companies benefiting from the growth in AI demand.

On July 3, Aninda Mitra from BNY Mellon Investment Management stated that yen intervention measures may be accompanied by an unexpected rate hike at some point this year. "I believe the market is underestimating the probability of a rate hike occurring before the December meeting, or the chance of multiple hikes this year," he said. Several Bank of Japan officials have mentioned that core inflation may soon rise again, suggesting that the central bank has some leeway to respond more forcefully in accelerating tightening measures based on inflation. This mispricing poses a risk of a sudden and painful shift in the dollar-yen dynamic. Ultimately, policy measures depend on how the Bank of Japan weighs their impact on the stock market, household balance sheets, and more. Currently, corporate sentiment and consumer confidence appear to be in good condition.

On July 3, Ebury's Market Strategy Director Matthew Ryan stated in a report that the US non-farm payroll report left dollar bulls 'clearly disappointed.' Overall, it is a rather weak report that supports our expectation that the Federal Reserve will not raise interest rates this year. Ryan added that Federal Reserve Chairman Kevin Walsh has clearly indicated that the Fed's focus is on inflation, so Thursday's report may not carry as much weight as it has in the past. The US labor market remains strong, but it is sufficiently loose that workers cannot demand significant wage increases, which should help alleviate inflationary pressures. Energy prices have also declined, and the risk of second-round inflation effects appears limited.