Market reviews
• The chance of a big 50 basis point Fed rate hike on Wednesday rose to 67% on Tuesday, up from 30% last week. The yen hit a 38-year low against the dollar in early July but has since strengthened, gaining more than 12% as the gap between two-year U.S. and Japanese rates has narrowed by about 130 basis points in 11 weeks.
• A German sentiment survey is expected to show a slight deterioration this month ahead of the Fed's meeting on Tuesday, while U.S. retail sales are forecast to fall in August from the previous month.
• Markets will likely look beyond the numbers to the...
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