Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
According to recent data from Japan's Ministry of Health, Labour and Welfare, December's bonus payments declined 0.4% below that of 2014, shattering the Japanese central bankers' hopes of re-inflation. Further the summer bonus payment failed to impress, while regular salaries did not increased over the previous years.
The recent BoJ's monetary policy effect has faded away from the FX market. While the central bank has a number of measures at its disposal to tackle the situation including QE and rate policy among others, markets now clearly see the exchange rate as the only monetary policy measure left with the central bank. The BoJ will have no other option other than devaluating the yen.
