Dollar strengthens after US-Iran clashes reignite market uncertainty.The dollar traded firmer against major currencies during Friday's Asian session after renewed hostilities between the United States and Iran unsettled financial markets and boosted demand for safe-haven assets. The US and Iran exchanged fire and sharp remarks again on Thursday, increasing pressure on a fragile month-long ceasefire.

Dollar Faces Key NFP Test as Risk Sentiment Threatens Renewed Selloff.Dollar is heading into today's US payrolls report in a vulnerable position—not necessarily because the labor market is collapsing, but because markets are currently focused on risk appetite rather than pure Federal Reserve pricing.

US Dollar Price Action Setups into NFP: USD/JPY and GBP/USD in Focus.FX markets are trading in typically subdued fashion ahead of Nonfarm Payrolls, although implied volatility suggests traders still expect sizeable moves once the data hits. USD/JPY remains sensitive to further intervention fears near 158, while GBP/USD is showing signs its multi-week rally is losing momentum.

Indonesia Foreign Reserves declined to $146.2 in April from previous $148.2.Indonesia Foreign Reserves declined to $146.2 in April from previous $148.2

EUR/JPY Price Forecast: Hovers around 184.00 as near-term bearish bias maintains.EUR/JPY Price Forecast: Hovers around 184.00 as near-term bearish bias maintains

Japanese Yen gathers strength on reports of FX intervention during May holidays.Japanese Yen gathers strength on reports of FX intervention during May holidays

investingLive Asia-Pacific FX news wrap: US and Iran exchanged fire, ceasefire tested.It was, by any measure, a day that struggled to pick a lane. Markets woke to the news that the United States and Iran had exchanged fire in and around the Strait of Hormuz in the most serious test yet of their fragile month-long ceasefire.

USD/JPY Recovery Strengthens As Markets Await Key NFP Catalyst.Looking at the 4-hour chart, the pair cleared the 50% Fib retracement level of the downward move from the 157.89 swing high to the 155.03 low. The pair is now trading above the 100 simple moving average (red, 4-hour), but it is still well below the 200 simple moving average (green, 4-hour).

Japan Real Wage Growth Extends Gains Despite Slower Nominal Pay Growth.Japan's real wages rose 1.0% yoy in March, marking the third consecutive monthly increase as moderating inflation helped household purchasing power improve. The data suggest that wage growth is increasingly starting to outpace consumer price pressures, supporting hopes for a more sustainable recovery in domestic demand.

Japan PMI Services Finalized at 51.0 as Middle East War Fuels Cost Pressures.Japan's service sector growth slowed notably in April as the impact of the Middle East conflict weighed on demand and business confidence, while sharply higher costs pushed inflation pressures to near-record levels. PMI Services was finalized at 51.0, down from 53.4 in March, while PMI Composite eased to 52.2 from 53.0, pointing to softer overall private-sector momentum after a strong start to 2026.

Oil rise on renewed US-Iran hostilities set to fizzle India rupee rally.The Indian rupee's two-day rally is set to stall at Friday's open, pressured by rising oil prices after renewed fighting between ​the U.S. and Iran threatened a fragile ceasefire.

Cliff Notes: Dynamic Risks.In an 8-1 vote, the RBA Monetary Policy Board (MPB) delivered its third consecutive rate hike, raising the cash rate by 25bps to its prior peak of 4.35%. The MPB stated that “the conflict in the Middle East has resulted in sharply higher fuel and related commodity prices” and that “this is likely to have second-round effects on prices for goods and services more broadly.

US Dollar Index slips to near 98.00 as renewed US-Iran tensions de-escalate.US Dollar Index slips to near 98.00 as renewed US-Iran tensions de-escalate

Pound Sterling nudges higher on Iran truce optimism ahead of US jobs data.Pound Sterling nudges higher on Iran truce optimism ahead of US jobs data

Australian Dollar holds steady above 0.7200 vs USD amid Iran tensions, ahead of US NFP.Australian Dollar holds steady above 0.7200 vs USD amid Iran tensions, ahead of US NFP

Canadian Dollar holds gains despite lower oil prices.Canadian Dollar holds gains despite lower oil prices

Dollar firms as US-Iran hostilities flare, yen steadied by intervention risk.The dollar started Friday's Asian session on a firm footing against most major currencies after renewed hostilities broke out between the U.S. and Iran, while the Japanese yen ​held largely steady following fresh verbal jawboning from Tokyo.

US President Donald Trump says truce with Iran still 'in effect'.US President Donald Trump says truce with Iran still 'in effect'

Trump gives EU until July 4 to implement Turnberry deal or face tariff hike.Trump has given the EU until July 4 to implement the Turnberry trade deal or face much higher tariffs; car tariff hikes are on hold after Trump spoke with von der Leyen.

Japanese Yen flat lines on suspected intervention, US NFP data in focus.Japanese Yen flat lines on suspected intervention, US NFP data in focus

WTI falls to near $93.50 after Israel, Iran signal an end to hostilities.WTI falls to near $93.50 after Israel, Iran signal an end to hostilities

Japan services PMI hits 11-month low in April. War costs bite, input costs 42-month high.Japan's services PMI fell to 51.0 in April from 53.4, an 11-month low, as Middle East war costs drove input inflation to a 42-month high and business confidence hit its lowest since the pandemic.

Japan Jibun Bank Services PMI below expectations (51.2) in April: Actual (51).Japan Jibun Bank Services PMI below expectations (51.2) in April: Actual (51)

Rupee gains 36 paise to a dollar as oil retreats.The Indian rupee surged over a rupee against the US dollar in two days, gaining 36 paise on Thursday. This rebound was driven by a significant retreat in crude oil prices below $100 a barrel, prompting traders to unwind short-rupee positions.

EUR/USD stalls despite tailwinds as intervention fears cap EUR/JPY upside.EUR/USD price action has looked increasingly unconvincing over the past week, repeatedly rejected on probes towards 1.1800 despite a macro backdrop that should, in theory, be supportive for gains against the dollar.

Japan Labor Cash Earnings (YoY) registered at 2.7%, below expectations (3.2%) in March.Japan Labor Cash Earnings (YoY) registered at 2.7%, below expectations (3.2%) in March

South Korea Current Account Balance rose from previous 23.19B to 37.33B in March.South Korea Current Account Balance rose from previous 23.19B to 37.33B in March

USD/JPY rebounds from lows as Iran ceasefire optimism wavers ahead of NFP.USD/JPY rebounds from lows as Iran ceasefire optimism wavers ahead of NFP

Mexican Peso falls as Banxico cuts rates, Hormuz tensions rise.Mexican Peso falls as Banxico cuts rates, Hormuz tensions rise

US trade court strikes down Trump's 10% global tariffs in 2-1 ruling.A US trade court struck down Trump's 10% global tariffs 2-1, ruling the duties were not justified under a 1970s trade law; the White House had cited a $1.2 trillion goods trade deficit as grounds.