Eamonn Sheridan

PBOC sets USD/ CNY reference rate for today at 7.0865 (vs. estimate at 7.1222)

• PBOC CNY reference rate setting for the trading session ahead.

Wall Street Journal: "Trump Expresses Reservations Over Strikes in Venezuela to Top Aides"

• Trump has recently expressed reservations to top aides about launching military action to oust Venezuelan President Nicolás Maduro

Japan junior govmnt partner says early BoJ rate hike would send wrong signal to businesses

• Japan Innovation Party co-leader Fujita urged caution against an early BoJ rate hike, saying it could send mixed signals to businesses, and ruled out tax hikes to fund defence spending.

Japan S&P Global Services PMI Final for October 2025 53.1, down from September's 53.3

Australian September trade balance comes a touch under expected at +3938mn (4000 expected)

• Exports and imports both higher m.m