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Heartbeat only — no unexplained move, no high-impact speech, and nothing in this briefing clears the bar for an override. The one thing worth flagging is that the 1h-horizon data gap noted in the last entry 17.8h ago hasn't cleared: still 0 of the required legs published for all eight G8 currencies this cycle, so every currency again reads as unmeasured rather than quiet — two consecutive heartbeats now with no actual move measurement to check against the calendar.

On the news side, nothing regime-breaking: the dollar opened the week soft after a weaker US retail-sales print pulled the odds of Fed action in September further down, with EUR firm near 1.1578 and USDJPY near 159.15 as yen strength builds on rising bets for a BOJ hike as soon as September.

Canada's July CPI printed a touch hot on headline (gas prices pushed y/y to 3%), but the BoC's own core gauges (trim 1.9%, median 2.0%) were only marginally firmer than June and the Bank held at 2.25% on July 15 with consensus still expecting it to sit on hold through year-end — an in-line release the calendar already accounts for, not a policy surprise. None of this changes any rulebook; it's ordinary data-driven repricing within the existing Fed-pause/BOJ-hike-bets narrative.