July 29, 2022 10:53 GMT
- The shift lower in the front-end of the US yield curve continues to exert its influence, with USD/JPY now close to 5% off the multi-year highs printed in mid-July. The JPY continues to be the notable mover following the US GDP data, with the broad dollar index just falling 0.5% on Friday.
- Focus looking forward turns to the MNI Chicago Business Barometer for July, at which markets expect a moderation to 55.0 from 56.0 previously. University of Michigan sentiment data release also takes focus, with the final revision of the inflation expectations component eyed in particular.
- There are no central bank speakers of note.