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ForexLive Asia-Pacific FX news wrap: Yen ↑ then ↓, Kiwi ↑, Gold ↓↓↓
ForexLive Asia-Pacific FX news wrap: Yen ↑ then ↓, Kiwi ↑, Gold ↓↓↓
Forex news for Asian trading on Friday, May 16, 2025
Session wrap
Wrap Asia
NZD/USD inches higher to near 0.5900 following Q2 RBNZ Inflation Expectations release
NZD/USD inches higher to near 0.5900 following Q2 RBNZ Inflation Expectations release
NZD/USD halts its two-day losing streak, trading around 0.5890 during the Asian hours on Friday. The pair advances after the release of the Reserve Bank of New Zealand (RBNZ) Inflation Expectations for Q2 2025.
NZDUSD
Majors
Macroeconomics
NewZealand
RBNZ Survey: NZ two-year inflation expectations rise to 2.29% QoQ in Q2 2025
RBNZ Survey: NZ two-year inflation expectations rise to 2.29% QoQ in Q2 2025
New Zealand's (NZ) inflation expectations accelerated on a 12-month and a two-year time frame for the second quarter of 2025, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Friday.
NZDUSD
Inflation
RBNZ
NewZealand
EconomicIndicator
South Korea's finance ministry says the economy faces increasing" downward pressure
South Korea's finance ministry says the economy faces increasing" downward pressure
South Korea's fin min has released its monthly 'Green Book' economic report
Silver Price Forecast: XAG/USD hovers near $32.50 amid US ban news on China’s chip firms
Silver Price Forecast: XAG/USD hovers near $32.50 amid US ban news on China’s chip firms
Silver (XAG/USD) is pulling back from its recent gains seen in the previous session, hovering around $32.50 during Friday’s Asian trading hours.
Silver
XAGUSD
Metals
Macroeconomics
Commodities
Japanese Yen bulls retain control amid BoJ rate hike bets; USD/JPY seems vulnerable near 145.00
Japanese Yen bulls retain control amid BoJ rate hike bets; USD/JPY seems vulnerable near 145.00
The Japanese Yen (JPY) retains its positive bias against a weaker US Dollar (USD) heading into the European session, with the USD/JPY pair struggling to register any recovery from the weekly low touched earlier this Friday.
USDJPY
GDP
BOJ
Fed
SEO
USD/INR climbs on renewed US Dollar demand
USD/INR climbs on renewed US Dollar demand
The Indian Rupee (INR) loses momentum on Friday. The renewed US Dollar (USD) demand from importers and continued foreign fund outflows weigh on the Indian currency.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
Australian Dollar holds gains as US Dollar struggles ahead of UoM Consumer Sentiment Index
Australian Dollar holds gains as US Dollar struggles ahead of UoM Consumer Sentiment Index
The Australian Dollar (AUD) halts its two-day losing streak against the US Dollar (USD) on Friday. The risk-sensitive AUD/USD pair benefits from easing global trade tensions.
AUDUSD
SEO
Majors
Macroeconomics
Australia
Japan’s Akazawa: Government will continue to demand review of US tariffs
Japan’s Akazawa: Government will continue to demand review of US tariffs
Japan's Economy Minister Ryosei Akazawa said on Friday that the government will continue to demand a review of US tariffs and take all necessary steps to offer liquidity aid to impacted firms. 
Japan
UnitedStates
Macroeconomics
PBOC sets USD/CNY reference rate at 7.1938 vs. 7.1963 previous
PBOC sets USD/CNY reference rate at 7.1938 vs. 7.1963 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1938 as compared to the previous day's fix of 7.1963 and 7.2085 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
WTI declines below $61.50 amid hopes of US-Iran nuclear deal
WTI declines below $61.50 amid hopes of US-Iran nuclear deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the Asian trading hours on Friday. The WTI price edges lower on expectations that the United States (US) and Iran may soon reach a deal over Tehran’s nuclear program.
Oil
WTI
Commodities
Macroeconomics
Japan finmin Kato: Will seek to have a meeting with Bessent, discuss FX and other matters
Japan finmin Kato: Will seek to have a meeting with Bessent, discuss FX and other matters
Kato is really banging the drum on meeting Bessent - the two will be in Canada next week (May 20-22) for the G7 fin min meeting
Japan’s Kato says will discuss FX with US Treasury Secretary Scott Bessent
Japan’s Kato says will discuss FX with US Treasury Secretary Scott Bessent
Japan’s Finance Minister Shunichi Kato said on Friday that he would seek to meet US reasury Secretary Scott Bessent to discuss foreign exchange. Kato added that excessive FX moves damage the Japanese economy.
Japan
UnitedStates
TradeWar
Macroeconomics
Japan’s GDP contracts 0.2% QoQ in Q1 2025 vs -0.1 expected
Japan’s GDP contracts 0.2% QoQ in Q1 2025 vs -0.1 expected
The Japanese economy contracted by 0.2% over the quarter in the first quarter (Q1) of 2025, following a growth of 0.6% in the final quarter of 2024, the preliminary reading released by Japan’s Cabinet Office showed on Friday. Markets expected a 0.1% decline.
Japan
GDP
Macroeconomics
Japan Q1 GDp -0.2% q/q (expected -0.1%)
Japan Q1 GDp -0.2% q/q (expected -0.1%)
Japanese economic (contraction!) growth data for Q1 2025 - very poor result this
Japan finance minister Kato says will discuss FX with Bessent
Japan finance minister Kato says will discuss FX with Bessent
The two will be at the G7 finance ministers/central bankers summit on May 20-22 in Canada
Trump administration split on timing of adding Chinese chipmakers to export blacklist - FT
Trump administration split on timing of adding Chinese chipmakers to export blacklist - FT
The Financial Times reported late Thursday that the Trump administration has planned to put a number of Chinese chipmaking companies on an export blacklist (the “entity list”).
UnitedStates
China
TradeWar
Macroeconomics
EUR/USD whipsaws on Thursday to end right where it started
EUR/USD whipsaws on Thursday to end right where it started
EUR/USD whipsawed on Thursday, briefly dipping back below the 50-day Exponential Moving Average (EMA) and tapping the 1.1000 level for the second time in a week. A late recovery pushed Fiber bids back to where they started the trading day, near the 1.1200 handle.
EURUSD
Inflation
GDP
GBP/USD holds in consolidation pattern as data beats expectations on Wednesday
GBP/USD holds in consolidation pattern as data beats expectations on Wednesday
GBP/USD turned lower on Thursday, shaving off a few points and keeping bids stuck to a near-term consolidation range just south of 1.3300 as markets got more or less what they wanted from economic data releases during both the London and American market sessions.
GBPUSD
Inflation
GDP
USD/CAD loses ground to near 1.3950 on weak US economic data
USD/CAD loses ground to near 1.3950 on weak US economic data
The USD/CAD pair loses ground to near 1.3955 during the early Asian session on Friday. The Greenback weakens against the Canadian Dollar (CAD) as US economic data fueled speculation that the Federal Reserve (Fed) will resume interest rate cuts in the coming months.
USDCAD
Majors
Macroeconomics
FT: Trump administration split on timing of adding Chinese chipmakers to export blacklist
FT: Trump administration split on timing of adding Chinese chipmakers to export blacklist
"Some US officials fear the move could jeopardise trade talks with Beijing"
China
USD
Mexican Peso falls as Banxico cuts rates, USD/MXN rises
Mexican Peso falls as Banxico cuts rates, USD/MXN rises
The Mexican Peso (MXN) depreciated against the US Dollar (USD) on Thursday after the Banco de Mexico (Banxico) reduced rates as expected, amid weaker-than-expected economic data from the United States (US). At the time of writing, the USD/MXN trades at 19.49, up 0.61%.
USDMXN
Banxico
Mexico
Macroeconomics
SEO
AUD/NZD price analysis: Aussie holds steady near 1.0900 despite overbought signals
AUD/NZD price analysis: Aussie holds steady near 1.0900 despite overbought signals
The AUD/NZD pair remained stable around the 1.0900 zone on Thursday, reflecting a cautiously bullish tone as the market heads into the Asian session.
Crosses
Currencies
Technical Analysis
Australia
AUDNZD
AUD/USD edges lower as US Dollar steadies despite strong Aussie jobs data
AUD/USD edges lower as US Dollar steadies despite strong Aussie jobs data
The AUD/USD pair is trading near the 0.6400 zone, retreating from earlier highs as the US Dollar regains strength.
AUDUSD
Currencies
Majors
Technical Analysis
U.S. Deputy Treasury Secretary says not concerned about persistent increases in prices
U.S. Deputy Treasury Secretary says not concerned about persistent increases in prices
Expects inflation will return to target level
Bonds
Politics
SPX
USD
NZD/JPY price analysis: Cross holds bearish tone ahead of Asian session
NZD/JPY price analysis: Cross holds bearish tone ahead of Asian session
The NZD/JPY cross is trading near the 85.50 zone on Thursday, down approximately 1% as it sits mid-range within its recent fluctuation ahead of the Asian session.
Crosses
Technical Analysis
Currencies
NZDJPY
Forexlive Americas FX news wrap: Dip in PPI pulls down USD/JPY
Forexlive Americas FX news wrap: Dip in PPI pulls down USD/JPY
Forex news for North American trading on May 15, 2025
Session wrap
Wrap Nth America
JP Morgan CEO Dimon says US recession risks remain high amid deficits and inflation
JP Morgan CEO Dimon says US recession risks remain high amid deficits and inflation
Dimon says a U.S. recession is still a live risk: .“I wouldn’t take it off the table at this point,”
Bonds
SPX
USD
White House announces slew of "new" deals across AI and energy sectors
White House announces slew of "new" deals across AI and energy sectors
Staff from the Trump administration have been hard at work on Thursday, pushing a raft of announcements on a wide range of investment projects with the United Arab Emirates (UAE) that President Trump has been pursuing hard since taking office in January.
UnitedStates
UnitedArabEmirates
Politics
Gold price skyrockets on soft US data, falling US yields and geopolitical jitters
Gold price skyrockets on soft US data, falling US yields and geopolitical jitters
Gold price rallied sharply on Thursday after hitting a weekly low of $3,120, posting solid gains of over 1.40%, boosted by broad US Dollar weakness due to a nifty Producer Price Index (PPI) report in the United States (US).
Gold
XAUUSD
Fundamental Analysis
Fed
SEO