Japanese Yen pares intraday losses against recovering USD amid divergent BoJ-Fed expectations
Japanese Yen pares intraday losses against recovering USD amid divergent BoJ-Fed expectations
The Japanese Yen (JPY) remains on the back foot against a broadly recovering US Dollar (USD), though it lacks follow-through selling amid hawkish Bank of Japan (BoJ) expectations.
USDJPY
BOJ
InterestRate
Fed
SEO
Australian Dollar falls as US Dollar remains stronger ahead of JOLTS Job Openings
Australian Dollar falls as US Dollar remains stronger ahead of JOLTS Job Openings
The Australian Dollar (AUD) depreciated against the US Dollar (USD) on Tuesday after registering around 1% gains in the previous session. The AUD/USD pair remains subdued following the release of the Reserve Bank of Australia’s (RBA) Meeting Minutes.
AUDUSD
SEO
Macroeconomics
Majors
Australia
Japan’s economic policy roadmap to promote domestic ownership of JGBs – Reuters
Japan’s economic policy roadmap to promote domestic ownership of JGBs – Reuters
According to a draft of the government’s economic policy roadmap obtained by Reuters, “Japan is expected to promote domestic ownership of government bonds to avoid further rises in long-term interest rates.”
Japan
USDJPY
BOJ
Bonds
China's Caixin Manufacturing PMI unexpectedly contracts to 48.3 in May vs. 50.6 expected
China's Caixin Manufacturing PMI unexpectedly contracts to 48.3 in May vs. 50.6 expected
China's Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly contracted to 48.3 in May from 50.4 in April, according to the latest data released on Tuesday.
China
PMI
AUDUSD
EconomicIndicator
Manufacturing
China Caixin May 2025 Manufacturing PMI 48.3 (prior 50.4!)
China Caixin May 2025 Manufacturing PMI 48.3 (prior 50.4!)
A rapid shunt lower into contraction. This is a terrible result.
CNY
China Stock Market
China
CNH
RBA Minutes: Not yet time to move monetary policy to an expansionary setting
RBA Minutes: Not yet time to move monetary policy to an expansionary setting
The Reserve Bank of Australia (RBA) published the Minutes of its May monetary policy meeting on Tuesday, highlighting that the board decided the case for a 25 basis points (bps) cut was a stronger one and preferred policy to be cautious and predictable.
RBA
CentralBanks
Macroeconomics
Australia
BoJ’s Ueda: Japan's economy moderately recovering
BoJ’s Ueda: Japan's economy moderately recovering
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that the Japanese economy is modestly recovering despite some weakness.
BOJ
Japan
Macroeconomics
CentralBanks
PBOC sets USD/CNY reference rate at 7.1869 vs. 7.1848 previous
PBOC sets USD/CNY reference rate at 7.1869 vs. 7.1848 previous
On Tuesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1869 as compared to last Friday's fix of 7.1848 and 7.1872 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
WTI drifts higher to near $62.50 as OPEC+ increases output at steady rate
WTI drifts higher to near $62.50 as OPEC+ increases output at steady rate
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.40 during the Asian trading hours on Tuesday. The WTI price edges higher after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided to increase their production again.  
Oil
Commodities
WTI
Macroeconomics
BoJ likely to halt bond purchase cuts next year, ex-official says
BoJ likely to halt bond purchase cuts next year, ex-official says
Bank of Japan (BoJ) former board member Makoto Sakurai said on Tuesday that the Japanese central bank will probably halt its quarterly reductions in government bond purchases starting next fiscal year, per Bloomberg. 
BOJ
Macroeconomics
Japan
Australia raises its minimum wage by 3.5%, according to Reuters
Australia raises its minimum wage by 3.5%, according to Reuters
Fair Work Commission has confirmed a pay bump for 2.6 million Australians
Iran poises to dismiss US nuclear proposal - Reuters
Iran poises to dismiss US nuclear proposal - Reuters
An Iranian diplomat said on Monday that Tehran is poised to reject a US proposal to end a decades-old nuclear dispute after the US draft insisted that Iran would have to suspend the enrichment of uranium inside Iran, per Reuters. 
Iran
UnitedStates
Macroeconomics
GBP/USD rebounds as trade woes weigh on Greenback
GBP/USD rebounds as trade woes weigh on Greenback
GBP/USD jumped on Monday, kicking off the June trading window by climbing back above 1.3550 after a broad-market weakening in Greenback flows.
GBPUSD
TradeWar
BOE
Japan’s PM Ishiba may seek snap election if no-confidence motion submitted
Japan’s PM Ishiba may seek snap election if no-confidence motion submitted
Japanese Prime Minister Shigeru Ishiba said late Monday that he may dissolve the House of Representatives for a snap general election if the main opposition party submits a no-confidence motion, per Japan Today. 
Japan
Macroeconomics
Politics
China Chamber of Commerce directs harsh words to the EU
China Chamber of Commerce directs harsh words to the EU
On ‘restrictive measures’ in EU procurement market for medical devices
China
EUR
USD/CAD remains on the defensive near 1.3700 as tariff fears resurface
USD/CAD remains on the defensive near 1.3700 as tariff fears resurface
The USD/CAD pair remains on the defensive near 1.3715 during the early Asian session on Tuesday. The US Dollar Index (DXY) softens to fresh seven-week lows amid jitters over the health of the US economy. The JOLTs Job Openings will be published later on Tuesday. 
USDCAD
Majors
Macroeconomics
UK trade minister to meet US Trade Rep to discuss tariff deal
UK trade minister to meet US Trade Rep to discuss tariff deal
UK trade minister Reynolds will meet U.S. Trade Representative Greer on Tuesday
Politics
GBP
USD
New Zealand Q1 2025 terms of trade +1.9% q/q (expected +3.1%)
New Zealand Q1 2025 terms of trade +1.9% q/q (expected +3.1%)
New Zealand export and import price and volume data
NZD/JPY Price Forecast: Holds steady above 86.00 with intact bullish structure
NZD/JPY Price Forecast: Holds steady above 86.00 with intact bullish structure
The NZD/JPY begins Tuesday’s Asian session flat after registering minimal gains of over 0.24% on Monday amid a risk-on mood. At the time of writing, the cross-pair trades at 86.13, unchanged.
Crosses
Technical Analysis
NZDJPY
Currencies
Bullish
Japan PM Ishiba may call a snap election if main opposition submit no-confidence motion
Japan PM Ishiba may call a snap election if main opposition submit no-confidence motion
Japanese Prime Minister Shigeru Ishiba may dissolve the House of Representatives for a snap general election if the main opposition party submits a no-confidence motion
Politics
JPY
AUD/USD firms near critical resistance ahead of RBA Meeting Minutes
AUD/USD firms near critical resistance ahead of RBA Meeting Minutes
The Australian Dollar (AUD) is trading positively in the early hours of Tuesday's Asian session, while the US Dollar (USD) remains under pressure.
AUDUSD
RBA
Macroeconomics
Majors
Canadian Dollar tests fresh multi-month highs to kickstart June markets
Canadian Dollar tests fresh multi-month highs to kickstart June markets
The Canadian Dollar (CAD) caught a fresh bid against the US Dollar (USD), with June’s market window kicking things off with a fresh six-month peak in intraday Loonie bids against the Greenback.
USDCAD
SEO
TradeWar
BOC
AUD/JPY Price Forecast: Remains subdued, trapped within 92.50-93.00
AUD/JPY Price Forecast: Remains subdued, trapped within 92.50-93.00
AUD/JPY is poised to close on Monday with gains of over 0.09% amid a subdued trading session, despite an improvement in risk appetite during the day. At the time of writing, the cross-pair trades at 92.74 after bouncing off a daily low of 92.37.
AUDJPY
Technical Analysis
Currencies
Crosses
Forexlive Americas FX news wrap 2 Jun: USD declines as traders fear US/China trade issues
Forexlive Americas FX news wrap 2 Jun: USD declines as traders fear US/China trade issues
Forex news for North American trading on Jun 2, 2025
Session wrap
Wrap Nth America
European Union says it will make strong case for US tariff cuts this week
European Union says it will make strong case for US tariff cuts this week
This comes after Trump said he will double steel and aluminium tariffs to 50%
Major US indices close higher to start the new week
Major US indices close higher to start the new week
The major indices erase earlier declines
USD/CHF Price Forecast: Slides below 0.82, reaches multi-week low as USD appreciates
USD/CHF Price Forecast: Slides below 0.82, reaches multi-week low as USD appreciates
USD/CHF extended its losses during Monday’s North American session, down 0.60% as the Greenback weakened across the board.
Technical Analysis
USDCHF
Currencies
Majors
Economic calendar in Asia Tuesday, June 3, 2025 - BoE speaker, RBA minutes
Economic calendar in Asia Tuesday, June 3, 2025 - BoE speaker, RBA minutes
Asian Economic Calendar: Key Events and Consensus Expectations for 03 June 2025
economic calendar
Trump administration sets Wednesday deadline for trade offers from other countries
Trump administration sets Wednesday deadline for trade offers from other countries
The Trump administration is reportedly working on delivering a final trade offer deadline set for this Wednesday.
UnitedStates
Politics
TradeWar
BoE’s Mann: Impact of QT is a more salient issue now BoE is cutting rates.
BoE’s Mann: Impact of QT is a more salient issue now BoE is cutting rates.
Bank of England’s MPC (hawk) member Catherine Mann said that the bank should closely monitor the effects of its quantitative tightening (QT) programme on monetary and financial conditions, especially in light of the recent interest rate cuts.
BOE
InterestRate
Currencies
Inflation
GBPUSD
GBP/USD steadies near 1.3540 as the US Dollar struggles under global pressure
GBP/USD steadies near 1.3540 as the US Dollar struggles under global pressure
The British Pound (GBP) bounces back at the start of the week, advancing against the US Dollar (USD) on Monday and trimming last week’s losses. The GBP/USD pair is rebounding modestly as investors pare back US Dollar holdings amid lingering uncertainty over the global economic outlook.
GBPUSD
PMI
BOE
Fed
Fed’s Goolsbee: Rates can come down over 12-18 months
Fed’s Goolsbee: Rates can come down over 12-18 months
On Monday, Austan Goolsbee, President of the Chicago Federal Reserve Bank, expressed his belief that the Fed would eventually lower short-term rates once the uncertainty surrounding tariff policies is resolved.
Fed
InterestRate
Currencies
Inflation
DollarIndex
Forex Today: Focus remains on US jobs data and EMU flash CPI
Forex Today: Focus remains on US jobs data and EMU flash CPI
The US Dollar (USD) faced increasing selling pressure in quite a negative start to the new trading week, slipping back to multi-week troughs amid the resurgence of trade concerns and jitters over the health of the US economy.
EURUSD
Currencies
DollarIndex
CPI
Fed
Silver Price Forecast: XAG/USD surges over 5%, hits yearly high
Silver Price Forecast: XAG/USD surges over 5%, hits yearly high
Silver prices soar, gaining over 5% on Monday, as investors who had become risk-averse earlier pushed the grey metal higher. However, as market sentiment improved, buyers continued to drive XAG/USD higher, trading at $34.65 near year-to-date (YTD) highs.
Technical Analysis
XAGUSD
Silver
EUR/USD rallies towards 1.1450 as trade turmoil hurts the Greenback
EUR/USD rallies towards 1.1450 as trade turmoil hurts the Greenback
EUR/USD edges up during the North American session to hit a six-week high of 1.1449, poised to stay above 1.1400 as the US Dollar drops to levels last seen in April as the “Sell America” trade continues.
EURUSD
Majors
Technical Analysis
Fundamental Analysis
SEO