On June 30, traders reported that hedge funds are reluctant to establish new long positions in USD/JPY at current levels, fearing that Japan may intervene in the market on Friday while the U.S. markets are closed for a public holiday. Traders added that if Powell makes hawkish comments and U.S. non-farm payroll data supports Fed rate hikes, the USD/JPY exchange rate could approach 165. However, traders noted that the Japanese Ministry of Finance has repeatedly warned of potential intervention, and liquidity in the U.S. market tends to be thin during holiday closures, which could prompt Japanese authorities to intervene on Friday.
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Traders Alert Hedge Funds on Potential Japanese Ministry Intervention to Support Yen
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Bernstein Raises SanDisk (SNDK.US) Price Target from $1700 to $3000
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On June 30, a new study from the St. Louis Federal Reserve indicated that in the United States, the primary cause of unemployment among young people is a lack of job vacancies rather than a deficiency in artificial intelligence skills. From April 2023 to December of the previous year, the unemployment rate for those aged 18 to 24 rose by 2.9 percentage points due to insufficient job openings. In contrast, the increase in unemployment attributed to employers shifting towards AI-related positions and requiring specialized skills was only 1.1 percentage points. Although the impact of AI remains significant, the former's effect is more than twice that of the latter. The study's authors stated, 'Since April 2023, hiring activity has slowed, and young workers (especially newcomers to the job market) have felt this weakness most acutely. For those just entering the labor market (particularly recent college graduates), AI poses an additional obstacle, but its impact is still smaller than the overall reduction in job vacancies.' -
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As of June 30, data from UBS Group shows that driven by significant growth in the United States and Asia, the number of billionaires worldwide surged by approximately 13.1% over the past year, reaching a record 3,302. In the 'Global Wealth Report' released by Switzerland's largest bank on Tuesday, it was noted that the total assets of billionaires grew by 25% in the year ending April 2026, a rate that outpaces the overall growth of global wealth. The bank's records indicate that 18 individuals have fortunes between $50 billion and $100 billion, while 19 individuals have assets exceeding $100 billion, with 15 of them located in the United States. -
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On June 30, major European stock indices saw an increase, with the Euro Stoxx 50, Stoxx 600, German DAX 30, and UK FTSE 100 all rising over 1% during the day. The Italian FTSE MIB index rose by 0.9%, the French CAC 40 index increased by 0.5%, and the Spanish IBEX 35 index surpassed 19,500 points, gaining 0.6% during the day. -
Green Harmony: Significant Short-Term Gains with Downside Risks
On June 30, Green Harmony issued a stock trading risk warning, indicating that the company's stock has experienced significant short-term gains, which may lead to downside risks. From June 2 to June 30, the company's stock price increased by 44.54%, significantly surpassing the gains of related indices such as the Sci-Tech Innovation Composite Index and the Sci-Tech Innovation 50. The company's rolling price-to-earnings ratio stands at 484.79 times, considerably higher than the average rolling price-to-earnings ratio of the general equipment manufacturing industry at 41.85 times. In the first quarter of 2026, the company reported an operating income of 140 million yuan, a year-on-year increase of 42.96%, and a net profit of 32.6341 million yuan, a year-on-year increase of 61.17%. -
Ministry of Industry and Information Technology and Eight Departments: Build 50,000 Industrial 5G Private Networks by 2030
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US Secures Over $6 Billion for Ukraine Through Weapon Assistance Mechanism
On June 30, according to CCTV, on June 29 local time, U.S. Permanent Representative to NATO Julianne Smith stated in an interview that through the 'Ukraine Priority Needs List' mechanism proposed by the U.S. and NATO, the U.S. has received over $6 billion in funding and plans to continue advancing this mechanism. The 'Ukraine Priority Needs List' mechanism, proposed by the U.S. and NATO, allows NATO countries outside the U.S. to provide funding to procure or transfer existing U.S. weapons to Ukraine, ensuring 'rapid' delivery of 'large quantities' of military aid to Ukraine. According to U.S. officials, this mechanism allows NATO member countries wishing to donate weapons to Ukraine to bypass the lengthy U.S. arms sale process and accelerate the procurement process. The Russian government has repeatedly emphasized that the provision of weapons to Ukraine by the West hinders a peaceful resolution to the Russia-Ukraine conflict and directly involves 'NATO countries in this conflict.' Russia has repeatedly warned that all weapons delivered to Ukraine will become legitimate targets for the Russian military. -
NVIDIA Robotics Team Hiring in Beijing, Shanghai, and Shenzhen
On June 30, NVIDIA announced on June 29 that its robotics team is open for recruitment, focusing on four core areas: embodied intelligence, simulation, deployment, and solution architecture, with positions available in Beijing, Shanghai, and Shenzhen. According to NVIDIA, the embodied intelligence team will concentrate on key technologies and applications such as dexterous manipulation, wearable sensor human modeling, full-body mobile manipulation, and full-body control, aiming to develop the next generation of general-purpose robotic systems. The simulation team is responsible for building the core simulation and training infrastructure for next-generation robots, enabling them to learn efficiently in virtual environments and transition more quickly and reliably to real-world scenarios. The deployment team focuses on algorithm optimization for humanoid robots and the practical implementation of embodied intelligence, while the solutions team aims to integrate NVIDIA's cutting-edge technology into practical applications in industries such as manufacturing and services.
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