USD/JPY: Still tied in by hefty orders both sides

SK Hynix & Micron hit $1T valuation on AI chip demand. Investors bet on memory's future.

A senior BOJ official told parliament that Japanese financial conditions remain loose despite rising yields, with negative real rates and strong corporate profits keeping the case for further normalisation intact.

Australia April CPI slows to 4.2% but core inflation creeps to highest since 2024 The headline flattered by a tax break; the core told a less comfortable story.

NZD jumps - RBNZ holds OCR at 2.25% by casting vote as committee splits 3-3 on rate hike A casting vote kept the OCR on hold, but the RBNZ just told markets that hikes are coming and the only question is how fast.

SK Hynix hits $1T valuation on AI chip demand; KRX halts trading amid rally.

Australian April CPI: Headline 4.2% (expected 4.4%, prior 4.6%) The core rate is still very solid, underlying at 3.4% (expected 3.4%, prior 3.3%) AUD down, headline and m/m core lower than expected.

China data, YTD (January - April) Industrial profits +18.2% y/y (prior +15.5%)