投资者越来越担忧中国现金短缺可能会损害这个世界领先新兴经济体的增长，使得亚洲股市本周开盘下跌。中国指出，系统中存在合理数量的流动性，并建议银行控制信贷扩张风险。日经225指数和恒生指数分别下跌1.3％和2.3％，而上证综指重挫4.9％。

　　美元兑日元和日元交叉盘隔夜被投标买入，自明党与公明党联合执政在昨日的东京地铁区域民调中轻松获胜（这暗示其将在7月的上议院票选中获得类似的胜利）。美元兑日元上涨至98.70，创近两周以来的最高价，欧元兑日元触及129.21。买入价见于98.50至98.70/80的关键阻力区域，交易情绪较为积极。

　　欧元兑美元本周开盘后，立即从1.3127下降到1.3087，之后止损反弹，在1.3100附近交易，交易情绪稍稍倾向于消极，主因是市场预计美元在美联储会议过后会继续得到投资者的宠爱。美元兑日元的大量需求隔夜明显支持了欧元。IFO预计将于今早释放的德国6月商业信心指数和期望指数已经好转。

　　英镑在东京市场整合亏损，本周一开盘便下跌。英镑兑美元已跌穿其50日移动均线（1.5382）。买入价位于1.5380-1.5400区间内。

　　在加拿大，疲弱的4月零售销售数据推动美元兑加元在上周五单上扬至1.0474（一年以来的最高水平）。隔夜，该货币对继续扩大涨幅，上扬至1.0519，突破了1.050心理阻力位。加元的趋势势头依然非常消极。

　　澳元继续全速走软。澳元兑美元今早创下新低0.9157。投资者对中国的担忧以及上海股市的暴跌进一步施压澳元。市场瞄准0.9000心理支撑位，投资者可能会视澳元反弹为良好的卖出机会。该货币对的交易情绪依然很消极。在0.87/0.88水平之前并未看到任何真正的买盘兴趣。在新西兰，5月信用卡支出数据疲弱，引发纽元兑美元回落。纽元兑美元下跌至0.7700，于该水平上看到买入价。

　　今天，重点是德国6月IFO商业景气指数、现况评估及预期、意大利6月消费者信心指数、美国5月芝加哥联储全国活动指数以及6月达拉斯联储制造业活动指数。　

 　　The Asian equities started the week in the negative with growing concerns on Chinese cash crunch which may hit the growth in world’s leading emerging economy.China stated that there is reasonable amount of liquidity in the system and advised the banks to control the risks from the credit expansion.The Nikkei 225 and Hang Seng lost 1.3%and 2.3%respectively,Shanghai’s Composite tumbled 4.9%.
　　USDJPY and JPY crosses were bid overnight amid the LDP-Komeito coalition comfortably won the Tokyo Metro area polls yesterday(signaling a similar win in Upper House votes in July).USDJPY advanced to 98.70,two-week highs,EURJPY hit 129.21.Offers are seen from 98.50 to 98.70/80 key resistance area,the sentiment is positive.
　　EURUSD started the week by immediately dropping from 1.3127 to 1.3087 through a stop-rally.EURUSD traded around 1.3100,with sentiment slightly leaning towards negative as USD is expected to stay in demand post-Fed.Decent demand in EURJPY clearly gave support to Euro overnight.Due in the morning,the business climate and expectations in Germany are expected to have improved in June,according to IFO.
　　Cable consolidated losses in Tokyo and started the week to the downside.GBPUSD crossed the 50-dayMA(1.5382)to the downside.Offers are building at 1.5380/1.5400 area.
　　In Canada,the weak retail sales in April sent USDCAD to 1.0474(one year high)in a single move last Friday.USDCAD extended gains overnight.The currency pair rallied to 1.0519,breaking above the 1.050-psychological resistance.The trend momentum is highly negative.
　　The weakness in aussie continues at full speed.AUDUSD hit a fresh low this morning,0.9157.The concerns in China and the tumbling Shanghai equities further weighed on the aussie.The markets look at 0.9000-psychological support,as traders see AUD-rallies as good selling opportunities.The sentiment remains solidly negative.No real buying interest is seen before 0.87/0.88 levels.In New Zealand,NZDUSD retreated on weak credit card spendings in May.NZDUSD is heading down to 0.7700,with bids seen at this level.
　　Today,the focus is on German June IFO Business Climate,Current Assessment and Expectations,Italian June Consumer Confidence,US May Chicago Fed National Activity Index and June Dallas Fed Manufacturing Activity.