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Japan’s Trade Negotiator Akazawa plans to meet Bessent for trade talks
Japan’s Trade Negotiator Akazawa plans to meet Bessent for trade talks
Japan’s Chief Trade Negotiator and Economy Minister Ryosei Akazawa said on Friday that he “plans to meet US Treasury Secretary Scott Bessent and others for Japan-US tariff talks.”
Japan
USDJPY
TradeWar
UnitedStates
Australia’s Retail Sales decline 0.1% MoM in April vs. 0.3% expected
Australia’s Retail Sales decline 0.1% MoM in April vs. 0.3% expected
Australia’s Retail Sales, a measure of the country’s consumer spending, declined 0.1% MoM in April, compared to a rise of 0.3% in March, the official data published by the Australian Bureau of Statistics (ABS) showed on Friday.
Australia
RetailSales
Macroeconomics
PBOC sets USD/CNY reference rate at 7.1848 vs. 7.1907 previous
PBOC sets USD/CNY reference rate at 7.1848 vs. 7.1907 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1848 as compared to the previous day's fix of 7.1907 and 7.1859 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
USD/CAD softens to near 1.3800 ahead of US PCE, Canadian GDP releases
USD/CAD softens to near 1.3800 ahead of US PCE, Canadian GDP releases
The USD/CAD pair trades in a negative territory around 1.3810 during the early Asian session on Friday. The concerns that a US court ruling would change the outlook for US tariffs weigh on the Greenback.
USDCAD
Fed's Logan: Monetary policy in a good place
Fed's Logan: Monetary policy in a good place
Federal Reserve Bank of Dallas President Lorie Logan gave opening remarks and participated in a moderated conversation before the Greater Waco Member Appreciation event.
Fed
CentralBanks
UnitedStates
Macroeconomics
BoJ’s Ueda: We are aware of firm's aggressive price, wage-setting behavior continuing
BoJ’s Ueda: We are aware of firm's aggressive price, wage-setting behavior continuing
Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday that the BoJ's financial position won't affect its short-term rate decision, which will focus on achieving the price target.
BOJ
Japan
CentralBanks
Macroeconomics
Fed's Daly: Need modestly or moderately restrictive policy to keep bringing inflation down
Fed's Daly: Need modestly or moderately restrictive policy to keep bringing inflation down
Federal Reserve Bank of San Francisco President Mary C. Daly said late Thursday that the central bank needs modestly or moderately restrictive policy to keep bringing down inflation.
Fed
CentralBanks
Macroeconomics
USD/JPY dips to 143.80 after solid Tokyo inflation data
USD/JPY dips to 143.80 after solid Tokyo inflation data
Core rates at their highest for a few years
Japanese life insurers cut protection against stronger Yen to fresh 14-year low - Bloomberg
Japanese life insurers cut protection against stronger Yen to fresh 14-year low - Bloomberg
Japanese life insurers cut protection for their foreign assets against a stronger Japanese Yen (JPY) to a fresh 14-year low, signaling subdued expectations of a sustained rally in the JPY, per Bloomberg.
USDJPY
Japan
Exchanges
Macroeconomics
Japan's Tokyo CPI inflation declines to 3.4% YoY in May
Japan's Tokyo CPI inflation declines to 3.4% YoY in May
The headline Tokyo Consumer Price Index (CPI) for May rose 3.4% YoY as compared to 3.5% in the previous month, the Statistics Bureau of Japan showed on Friday.
Japan
CPI
Inflation
Macroeconomics
Tokyo May 2025 headline CPI +3.4% y/y (3.4% expected)
Tokyo May 2025 headline CPI +3.4% y/y (3.4% expected)
Japanese inflation data - Tokyo area CPI indicator
AUD/USD gathers strength to near 0.6450 amid renewed tariff concerns
AUD/USD gathers strength to near 0.6450 amid renewed tariff concerns
The AUD/USD pair gains ground to near 0.6445 during the early Asian session on Friday. The US Dollar (USD) edges lower against the Australian Dollar (AUD) due to the resurgence of trade uncertainty and disappointing US economic data.
AUDUSD
Majors
Macroeconomics
TradeWar
GBP/USD recovers 1.35 ahead of key US inflation data
GBP/USD recovers 1.35 ahead of key US inflation data
GBP/USD made a choppy relief rally on Thursday, jumping back into the 1.3500 handle as markets gear up for the latest batch of United States (US) Personal Consumption Expenditure Price Index (PCE) inflation figures due on Friday.
GBPUSD
TradeWar
Inflation
US Treasury Secretary Bessent: We will stabilize debt-to-GDP by 2028
US Treasury Secretary Bessent: We will stabilize debt-to-GDP by 2028
United States (US) Secretary of the Treasury Scott Bessent stated the Trump administration's intention to "stabilize" the US's debt-to-Gross Domestic Product (GDP) ratio by 2028, and insisted that trade agreements will be announced in the weeks ahead.
UnitedStates
Politics
TradeWar
Bloomberg: Japanese life insurers cut protection against stronger yen to fresh 14-year low
Bloomberg: Japanese life insurers cut protection against stronger yen to fresh 14-year low
Nine of Japan’s biggest life insurers collectively lowered bullish yen wagers tied to their foreign investment holdings
Bonds
JPY
AUD/JPY Price Forecast: Struggles at 93.00 as bears gain steam
AUD/JPY Price Forecast: Struggles at 93.00 as bears gain steam
AUD/JPY loses some ground on Thursday ahead of the beginning of Friday’s Asian session, falls over 0.19%, below the 93.00 figure, yet retains its sideways bias as the cross pair remains above the Ichimoku Cloud (Kumo).
AUDJPY
Technical Analysis
Currencies
Crosses
Us Treas Sec Bessent admits that talks with China are a bit stalled
Us Treas Sec Bessent admits that talks with China are a bit stalled
Bessent "believes" there will be more talks in the next few weeks
US Treas Sec Bessent is speaking on Fox - economical with the truth
US Treas Sec Bessent is speaking on Fox - economical with the truth
Bessent is diminishing his credibility with these comments
Politics
BoE's Bailey: The UK's needs, not tariffs and trade, will be key driver for UK rates
BoE's Bailey: The UK's needs, not tariffs and trade, will be key driver for UK rates
Bank of England (BoE) Governor Andrew Bailey noted late on Thursday that the primary drivers behind the BoE's main reference rate remains the economic needs of the United Kingdom (UK), not external drivers such as the Trump administration's tariff policies.
BOE
CentralBanks
Inflation
InterestRate
Forexlive Americas FX news wrap 29 May: Tariffs off and on again on court rulings
Forexlive Americas FX news wrap 29 May: Tariffs off and on again on court rulings
Forex news for North American trading on May 29, 2025
Session wrap
Wrap Nth America
Silver Price Forecast: XAG/USD reaclims $33.00 on weak US jobs data boosting haven demand
Silver Price Forecast: XAG/USD reaclims $33.00 on weak US jobs data boosting haven demand
Silver price advanced more than 1% on Thursday, climbing back above $33.00 as demand for safe-haven metals increased following the release of weak US jobs data. At the time of writing, the XAG/USD trades at $33.31.
Technical Analysis
XAGUSD
Silver
Fed's Daly: Bond yields show the markets are trying to process uncertainty about policy
Fed's Daly: Bond yields show the markets are trying to process uncertainty about policy
Federal Reserve (Fed) Bank of San Francisco President Mary C.
Fed
CentralBanks
TradeWar
Inflation
Hasset says expects trade deals in the next week or tow
Hasset says expects trade deals in the next week or tow
Hasset has no credibility. There hasn't been one trade deal yet, despite all his promises.
Politics
Economic calendar in Asia Friday, May 30, 2025 - Japan inflation indicator
Economic calendar in Asia Friday, May 30, 2025 - Japan inflation indicator
Tokyo area CPI data for May is due from Japan
economic calendar