AUD/JPY Price Forecast: Loses ground below 113.00, bullish vibe remains intact.AUD/JPY Price Forecast: Loses ground below 113.00, bullish vibe remains intact

There will be more to the UK CPI report than what meets the eye later today.As the broader market focus stays on the fallout from the Middle East crisis, it is easy to expect inflation to keep running up on the back of higher energy prices. But as we look to the UK CPI report later, the expectation is for price pressures to ease in April.

Netherlands, The Consumer Price Index n.s.a (YoY) in line with expectations (2.8%) in April.Netherlands, The Consumer Price Index n.s.a (YoY) in line with expectations (2.8%) in April

Indonesia's Prabowo announces 2027 fiscal deficit target of 1.8% to 2.4% of GDP.Indonesia's President Prabowo Subianto announced on Wednesday a fiscal deficit target range of 1.8% to 2.4% of gross domestic product for next ​year, with the aim of achieving economic growth as high as 6.5%.

British Pound stays depressed below 213.00 vs JPY amid UK political chaos, ahead of UK CPI.British Pound stays depressed below 213.00 vs JPY amid UK political chaos, ahead of UK CPI

Swiss Franc weakens as safe-haven demand lifts USD.Swiss Franc weakens as safe-haven demand lifts USD

WTI drifts lower below $103.50 as traders weigh mixed signals from Trump.WTI drifts lower below $103.50 as traders weigh mixed signals from Trump

China to buy 200 Boeing jets and ease rare earth curbs in US trade breakthrough.China announced it will purchase 200 Boeing jets, review rare earth export licences for civilian use and pursue reciprocal tariff cuts on $30 billion or more of goods with the US as part of a broad trade package.

Rupee tumbles to record low as US-Iran stalemate stokes global inflation fears.The Indian rupee fell to a record low on ​Wednesday as a deadlock ‌in U.S.-Iran peace talks kept oil prices elevated, fuelling worries of a global ​inflation surge that has lifted bond ​yields to multi-year highs and ⁠weighed on equities.

Rupee tumbles to record low of 96.86 vs USD as US-Iran stalemate stokes global inflation fears.The rupee hit a record low against the dollar on Wednesday, driven by elevated oil prices stemming from stalled U.S.-Iran peace talks. This surge in energy costs fuels inflation fears, pushing bond yields higher and impacting equities.

EUR/JPY Price Forecast: Slips below moving averages, 184.50.EUR/JPY Price Forecast: Slips below moving averages, 184.50

investingLive Asia-Pacific FX news wrap: Trump said, again, war will be over soon.Wednesday's session was dominated by the familiar tug of war between diplomatic optimism and supply reality, with crude markets ultimately siding with the latter as the weight of inventory data and central bank hawkishness kept the broader tone cautious despite Trump's latest assertion that the Iran war will end very quickly.

Rising US yields on Fed rate hike bets pile pressure on sliding rupee.The Indian rupee may hit an all-time low on Wednesday, as a surge in U.S. Treasury yields on rising expectations of a ​Federal Reserve rate hike this year compounds pressure on the ‌already fragile currency.

Surging 30-Year Bond Yield Flirts with 5.20% as Market Eyes NVIDIA and Bank of England Dilemma.Equities: Wall Street pulled back, with the S&P 500 and Dow Jones dropping 0.7% and the Nasdaq falling 0.8%. Decliners were led by communication services, consumer discretionary, and materials, down 1.3% to 2.3%.

US Dollar Index hovers around six-week highs near 99.50 after fresh Trump threats.US Dollar Index hovers around six-week highs near 99.50 after fresh Trump threats

Pound Sterling Price News and Forecast: Declines as risk-off mood prevails on Middle East tensions.Pound Sterling Price News and Forecast: Declines as risk-off mood prevails on Middle East tensions

10-Year Yield Eyes 4.75 After Violent Breakout, Opening Risk Toward 5%.This week, US 10-year Treasury yield has surged through its March-April range in a violent breakout that has pushed yields to fresh 52-week highs and their highest levels since early 2025. This is not just another inflation scare.

Bessent's support for BOJ may clear political hurdles for June hike.U.S. Treasury Secretary Scott Bessent's jab at Japan's dovish premier may help clear political ​hurdles for the Bank of Japan to raise interest rates in June, analysts say, though there is uncertainty on whether it ‌can support the yen.

Asia open: Surging 30-year bond yield flirts with 5.20% as market eyes Nvidia and Bank of England dilemma.Global markets remained under pressure as surging bond yields pushed the US 30-year Treasury yield toward the key 5.20% level, its highest since 2007. Rising inflation fears and growing expectations of future Federal Reserve rate hikes weighed heavily on technology stocks ahead of Nvidia's highly anticipated earnings release.

UK CPI data set to show a temporary inflation respite in April, providing leeway to BoE.UK CPI data set to show a temporary inflation respite in April, providing leeway to BoE

Dollar at six-week high on rate-hike bets, Iran war uncertainty.The US dollar remains strong near a six-week peak, driven by inflation fears and the potential for higher interest rates due to the Iran war. This surge is pushing the Japanese yen towards intervention levels.

China's PBoC Holds Key Lending Rates Steady as Policymakers Avoid Rush to Ease.The People's Bank of China left its benchmark lending rates unchanged in May, extending its policy pause to a full year as authorities signaled little urgency to deliver additional monetary easing despite slowing domestic momentum. The 1-year loan prime rate was held at 3.00%, while the 5-year LPR, widely used as a reference for mortgage pricing, remained at 3.50%, matching market expectations.

EU Trade Negotiator's Zovko says US-EU trade deal reached.EU Trade Negotiator's Zovko says US-EU trade deal reached

EU strikes provisional deal to cut US tariffs ahead of Trump's July 4 deadline.The EU has struck a provisional agreement to implement its Turnberry trade deal with the US, paving the way for duty cuts on American goods before Trump's July 4 deadline and averting the threat of higher US tariffs on European products.

Fed's Paulson Says It's “Healthy” for Markets to Consider Further Tightening.Philadelphia Fed President Anna Paulson signaled support for keeping interest rates steady while also validating market expectations that rates could remain elevated for much longer than previously anticipated.

Australian Dollar weakens below 0.7100 on Middle East uncertainties.Australian Dollar weakens below 0.7100 on Middle East uncertainties

Canadian Dollar languishes near five-week low vs USD as focus shifts to FOMC Minutes.Canadian Dollar languishes near five-week low vs USD as focus shifts to FOMC Minutes

Euro steadies as Trump threatens to resume Iran strikes.Euro steadies as Trump threatens to resume Iran strikes

Dollar Index Probes Again Through Key Barriers after Consolidation.The dollar regained traction on Tuesday, after significant drop previous day and attacks again key barriers at $99.20/30 (Fibo 61.8% of 100.48/$97.40 descend / daily Ichimoku cloud top) where the action was repeatedly capped in past two sessions.

Preview: Australia April jobs data eyed as AUD rally and RBA rate path hang in balance.Australia's April jobs data, due Thursday, is expected to show employment rising around 10k-15k with unemployment steady at 4.3%, though Easter distortions and Middle East risks cloud the outlook.