Thin trading in the yen makes it more responsive to intervention efforts. Its has some spikey movies.
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Reminder, Japanese and mainland China markets are close again today, Tuesday, May 5, 2026
- Japan's absence will thin out liquidity during the time zone
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Australia April Services PMI (final) 50.7 (preliminary 50.3, prior 46.3)
- ECB forecasters slash growth and raise inflation outlook as energy shock bites
- Reminder, Japanese and mainland China markets are close again today, Tuesday, May 5, 2026
- Saudi Arabia demands Hormuz guarantees as Israel braces for rapid Iran escalation
- Williams: Fed well positioned but energy price surge could prove worse than markets expect
- IMF says worst-case global economy warning is now the working assumption - oil shock hit
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