PBOC sets USD/ CNY central rate at 6.8187 (vs. estimate at 6.7720)

SMBC Nikko warns Japan is one step from a historic yen collapse, citing oil price risk and fiscal loosening, as Finance Minister Katayama pledges action if needed.

Australia widening current account deficit, inventory draw to weigh on Q1 GDP

Reserve Bank of Australia board member Ian Harper said stronger-than-expected domestic demand and the return of capacity constraints have reopened the output gap, prompting markets to price in policy action.

Japan's Finance Minister Katayama declined to comment on FX intervention, flagging oil market volatility and close coordination with Washington as Tokyo signals readiness to act.

PBOC is expected to set the USD/CNY reference rate at 6.7720 – Reuters estimate

Japan eyes sales tax cut from 2027 but bond market (and yen!) risks loom large

Kiwibank now expects the RBNZ to begin hiking in July after a 3:3 split vote, warning the central bank risks overtightening into an economy still scarred by recession.