Japan intervenes to defend yen and warns of further action over Golden Week Axios:Trump received briefing on plans for possible military action against Iran ASEAN ministers warn Middle East war threatens energy security and regional growth May meeting, RBA set for third straight…
Japan intervenes to defend yen and warns of further action over Golden Week Axios:Trump received briefing on plans for possible military action against Iran ASEAN ministers warn Middle East war threatens energy security and regional growth May meeting, RBA set for third straight hike as Hormuz closure drives inflation surge Japan manufacturing PMI hits 4-year high but Middle East stockpiling masks fragile demand Japan head intervention official won’t comment on FX or oil futures intervention Tokyo CPI misses forecast sharply, giving BoJ room to hold despite June hike signals Gold could nearly double, $8K, as emerging market central banks ditch the USD for bullion Japan: Tokyo area April CPI headline 1.5% y/y (expected 1.7%, prior 1.4%) Australian factory input costs hit four-year high as Middle East supply disruption bites S&P 500 considers fast-track entry rules as SpaceX, OpenAI and Anthropic eye IPOs NZ consumer confidence hits three-year low as Middle East oil shock bites ECB June hike near-certain as Middle East energy shock forces policymakers’ hand Deutsche Bank sees ECB leaving door open to hike in June as inflation expectations surge Morgan Stanley delays Fed cut call to 2027 (more info). Middle East risk drives dollar S&P and NASDAQ indices close at record levels Apple authorises $100 billion buyback.
Quarterly profits top Wall Street estimates At a glance: Asia-Pacific markets subdued with Singapore, Hong Kong and mainland China on holiday; Japanese markets will be closed Monday to Wednesday next week for Golden Week USD/JPY edged back above 157.00 as Mimura declined to officially confirm Thursday’s intervention but warned speculators that Golden Week has just started and his view on speculative market moves is unchanged Tokyo April CPI missed across all three measures: headline 1.5% vs 1.6% expected; core ex-food 1.5% vs 1.8% expected, slowest since March 2022; core-core ex-food and energy 1.9% vs 2.3% expected Core Tokyo inflation below the BoJ’s 2%…