Among the major economic indicators to be released from July 20 to 24, Japan's June nationwide core consumer price index is expected to accelerate to 1.6 percent year-on-year, and if expectations of an early rate hike strengthen, that would be a reason to buy the yen. Canada's June CPI is forecast to slow to minus 0.1 percent month-on-month and 3.1 percent year-on-year, while the UK's June CPI headline index is seen slowing to 2.4 percent year-on-year, but the core index is expected to accelerate to 2.7 percent. The European Central Bank is almost certain to keep its policy rate unchanged, and the degree of inflation vigilance in President Lagarde's press conference will sway the euro.