Yen slips to key 160 level as Gulf hostilities boost dollar.Persistent strength in the dollar sent the ​Japanese yen sliding to the key 160 level on Wednesday, as hostilities in the Gulf erupted anew and ‌bolstered demand for the safe-haven U.S. currency.

Japan services PMI flatlines in May as war costs hit record high.Japan's services PMI flatlined at 50.0 in May as business costs surged to a 43-month high on Middle East war disruption, ending 13 months of sector expansion.

Japan approves $19bn supplementary budget to offset Trump war Middle East inflation.Japan's cabinet approved a ¥3.1 trillion supplementary budget funded by deficit bonds to subsidise fuel and utility costs, with a ¥2.5 trillion reserve targeting gasoline prices first.

Rupee slips 29 paise to 95.27, RBI steps in to arrest slide.The Indian rupee weakened by 29 paise to close at 95.27 against the dollar on Tuesday, pressured by foreign investor outflows and high crude oil prices. The Reserve Bank of India's intervention helped contain further losses, with the rupee trading between 95.29 and 95.02.

Japan's Katayama: Ready to act on forex if required.Japan's Katayama: Ready to act on forex if required

Australia services PMI slips to 48.7 as Middle East war hammers demand.Australia's services PMI fell to 48.7 in May from 50.7, with new orders contracting at the fastest pace in two and a half years and employment falling for the first time since late 2024.

GBP/JPY Price Forecast: Uptrend holds, eyes on 216.00, BoJ risks loom.GBP/JPY Price Forecast: Uptrend holds, eyes on 216.00, BoJ risks loom

Bank of England faces calls from UK lawmakers to ease stablecoin plans.British lawmakers urged the Bank of England on Wednesday to soften planned rules on stablecoins, warning that overly strict ​requirements could hinder the development of a nascent sterling-backed market.

New Zealand Terms of Trade Index below forecasts (-1.2%) in 1Q: Actual (-2%).New Zealand Terms of Trade Index below forecasts (-1.2%) in 1Q: Actual (-2%)

China's SAIC Motor to build first EU electric vehicle factory in Europe (Spain).China's SAIC Motor plans its first EU factory in Spain's Galicia, with a 200 million euro initial investment, 120,000-vehicle annual capacity and an operational target of end-2028.

China: Slower 2Q26 growth outlook – UOB.China: Slower 2Q26 growth outlook – UOB

MENA FX: Carry unwinds pressure regional currencies – BNY.MENA FX: Carry unwinds pressure regional currencies – BNY

New Zealand Dollar pressured by strong US labor-market data.New Zealand Dollar pressured by strong US labor-market data

Canada's LeBlanc says trade talks with US unfrozen, more meetings ahead.Canada's trade minister says US talks are unfrozen and a meeting with USTR Greer was positive, but warned the road to conclusions is not always a straight line.

Chinese Yuan: Mild upside with 6.7500 in focus against dollar – UOB.Chinese Yuan: Mild upside with 6.7500 in focus against dollar – UOB

TRADING DAY New high? Still a buy.World stocks rose to fresh peaks again on Tuesday as no major change in U.S.-Iran tensions, together with a general calm across currency and bond markets, encouraged investors to keep buying. In the U.S., small caps and non-tech sectors outperformed.

Indonesian Rupiah: Forecasts cut on tougher backdrop – OCBC.Indonesian Rupiah: Forecasts cut on tougher backdrop – OCBC

United States API Weekly Crude Oil Stock below forecasts (-3.6M) in May 29: Actual (-6.75M).United States API Weekly Crude Oil Stock below forecasts (-3.6M) in May 29: Actual (-6.75M)

Crude Oil Price Forecast: Triangle Pattern Points Higher.Crude oil remains trapped within a symmetrical triangle pattern, but a higher swing low and bullish reversal signal growing upside pressure toward key resistance levels.

investingLive Americas FX news wrap 2 Jun: Markets randomly walk through the flow of news.The April JOLTS report was stronger than expected, with job openings rising sharply to 7.62 million, the highest level since May 2024 and well above forecasts. The increase suggests labor demand remains resilient despite concerns about slowing economic growth.

Natural Gas Price Forecast: Recovery Setup Builds Above Moving Averages.Natural gas tests key layered support at the 10-day moving average and trendline, while holding broader bullish structure as price compresses near major moving averages.

Economic & event calendar Asia Wednesday, June 3, 2026. Australia GDP, China services PMI.Data yesterday suggested Australia's GDP is going to come in under the expectations showing in the screenshot below at 0.5% and 2.7%. A new survey has not been done, but I'd be around 0.3% and 2.4% now.

Philippine Peso: Year-end 2026 forecast raised to 62.7 against US Dollar – DBS.Philippine Peso: Year-end 2026 forecast raised to 62.7 against US Dollar – DBS

Chinese Yuan: Global usage trends higher in 2026 – Standard Chartered.Chinese Yuan: Global usage trends higher in 2026 – Standard Chartered

South Korean Won: AI support versus Hormuz risks – MUFG.South Korean Won: AI support versus Hormuz risks – MUFG

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Hopes Of Quick Iran Deal Fade.Oil markets are moving higher as President Trump said that he expected that memorandum of understanding with Iran would be ready over the next week.

Argentina Tax Revenue (MoM): 21513B (May) vs 17400B.Argentina Tax Revenue (MoM): 21513B (May) vs 17400B

Indonesian Rupiah: Seen above 18,000 at end of 2026 against dollar – DBS.Indonesian Rupiah: Seen above 18,000 at end of 2026 against dollar – DBS

United States Dollar Index recovers intraday losses as Middle East uncertainty lingers.United States Dollar Index recovers intraday losses as Middle East uncertainty lingers

Singapore Dollar: Range trade persists against US Dollar – UOB.Singapore Dollar: Range trade persists against US Dollar – UOB