Market expectations for a 50 basis point cut by the Fed grow to 50/50 amid debate over whether the US jobs market is too weak for just a 25 bps move; And the Yen hits its strongest level against the US dollar since mid-2023.

In our bonus deep dive interview, ANZ’s Chief Economist for Greater China, Raymond Yeung sees the potential for China to unveil a two trillion yuan stimulus package.

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