After that jobs/earnings data here’s what’s out there still
Sellers 1.5250,1.5280,1.5300,1.5330,1.5350,1.5400,1.5410
Buyers 1.5210, 1.5185,1.5175,1.5150,1.5125,1.5100
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Japan April exports beat forecasts for eighth month as crude oil imports collapse
- Australia unemployment jumps to 4.5% in April, highest since November 2021
- Bank of Japan policy board member Koeda says underlying inflation already around 2%
- Australian April Unemployment rate 4.5% (vs. expected 4.3%, prior 4.3%)
- PBOC sets USD/ CNY mid-point today at 6.8349 (vs. estimate at 6.7955)
- Japan flash PMI slips to five-month low in May as selling prices hit record high
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Japan's exports jump 14.8% on AI chip demand, trade surplus widens. Oil imports drop 50%.
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Japan's April exports rose 14.8% year-on-year, well above the 9.3% forecast, producing a surprise trade surplus of 301.9bn yen, as crude oil import volumes collapsed 64% in their steepest fall since 1980.
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