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Mohamed A. El-Erian, president at Queens' College, University of Cambridge, highlights two key developments in markets. A series of U.S. labor market data releases begins today, with the monthly jobs report expected tomorrow.
El-Erian also observes that the Japanese yen has depreciated to ¥162.30 against the U.S. dollar, marking a new 40-year low and adding to pressure on Japanese authorities.
El-Erian recently noted the anticipated release of U.S. May PCE inflation data, which is closely watched by markets and the Federal Reserve, in a prior update (link). He also discussed current trends in the U.S. economy and markets in a televised interview (link). Both topics remain at the center of investor attention this week.