Australia employment rebounds in May, jobless rate dips.Australian employment rebounded in May while ​the jobless rate eased from ‌four-and-a-half year highs, data showed on Thursday, a sign ​of resilience that ​could support a further lift ⁠in interest rates if ​needed.

BoJ's Tamura Lays Out Tightening Roadmap to 2%.Bank of Japan board member Naoki Tamura laid out his clearest roadmap yet for further policy normalization on Thursday, saying the central bank's baseline should be to raise interest rates by 25 basis points every few months until the policy rate reaches around 2%, which he views as a neutral level. Tamura said, “what I envisage as a baseline path is raising the policy interest rate by 0.25 percentage points at intervals of a few months toward the neutral interest rate level of 2 percent,” highlighting the BoJ's increasingly hawkish stance following last week's rate hike to 1.0%.

British Pound holds gains above 1.3150, US PCE inflation data looms.British Pound holds gains above 1.3150, US PCE inflation data looms

Australia Employment Beats Forecasts, But April Revision Tempers Strength.Australia's labor market rebounded in May, with employment rising by 40.3k, above expectations of a 30.5k increase, while the unemployment rate edged down from 4.5% to 4.4% as expected. The participation rate also ticked higher from 66.6% to 66.7%, pointing to resilience in labor supply.

Australia jobs bounce masks part-time tilt and April revision as RBA August hold holds.The April revision from minus 18,600 to minus 40,700 is the number that reframes the entire report. The two-month average across April and May now sits at essentially flat, which is a materially weaker picture than the May headline alone implies and aligns with the gradual softening narrative the RBA has been willing to tolerate without acting.

Back to the Future: RBNZ to Scale Back OCR Hikes as Energy Price Worries Recede.A great deal has changed since early May when we last reviewed our forecasts for the global and domestic economies – more than the market appears to have appreciated considering the continued pricing of a RBNZ rate hike at next month's policy review. The key issue has been the unexpectedly quick progress on reducing Persian Gulf tensions and the potential for a faster return of shipping flows in the Strait of Hormuz, with resultant improvements in trade flows of oil, petrochemical products and natural gas, as well as a range of other key products (such as fertiliser).

Dollar rides high on Fed rate-hike bets.The US dollar is experiencing a significant surge, reaching multi-month highs against major currencies like the euro and yen. This strength is fueled by expectations of a robust US economy, higher interest rates, and a hawkish Federal Reserve stance.

Canadian Dollar strengthens as US Dollar decline despite hawkish Fed outlook.Canadian Dollar strengthens as US Dollar decline despite hawkish Fed outlook

Australia Part-Time Employment increased to 35.2K in May from previous -7.9K.Australia Part-Time Employment increased to 35.2K in May from previous -7.9K

New Zealand Dollar hangs near November 2025 lows vs bullish USD as traders await US PCE.New Zealand Dollar hangs near November 2025 lows vs bullish USD as traders await US PCE

WTI holds gains near $70.00 after three days of losses.WTI holds gains near $70.00 after three days of losses

Rupee bounces from day's low on RBI support.The Indian rupee saw a slight recovery on Wednesday, closing at 94.66 against the dollar after touching an intraday low. State-run banks intervened, likely for the RBI, to curb further depreciation.

Breaking: Japanese Yen holds steady as traders are on high alert for intervention.Breaking: Japanese Yen holds steady as traders are on high alert for intervention

Euro softens to near 1.1350 as Fed hike bets rise ahead of PCE inflation data.Euro softens to near 1.1350 as Fed hike bets rise ahead of PCE inflation data

MUFG says intervention threat slowing yen slide as BOJ hike fails to shift USD/JPY trend.The market's muted response to both the BOJ hike and the Katayama-Bessent alignment language is the most telling signal in MUFG's note: verbal intervention and policy tightening are doing the job of slowing yen weakness but neither is reversing it, which leaves Tokyo increasingly reliant on the credibility of the threat rather than its execution. USD/JPY remaining below 161.95 shows the threshold is being respected, but the inability of 16 basis points of priced October hikes to generate a meaningful yen recovery suggests structural selling pressure is overwhelming the rate differential story.

EUR/JPY Price Forecast: Tumbles below 100-day SMA, eyes on 183.EUR/JPY Price Forecast: Tumbles below 100-day SMA, eyes on 183

British Pound Sterling's turnaround is dead on arrival.British Pound Sterling's turnaround is dead on arrival

Japanese Yen sinks even after the BoJ hikes.Japanese Yen sinks even after the BoJ hikes

Singapore Dollar: Pressured in strong USD environment – OCBC.Singapore Dollar: Pressured in strong USD environment – OCBC

South Korea BOK Manufacturing BSI: 79 (July) vs previous 80.South Korea BOK Manufacturing BSI: 79 (July) vs previous 80

TRADING DAY Tech jitters smother inflation relief.U.S. bond yields tumbled on Wednesday as oil's slide to a four-month low eased inflation fears, although the relief wasn't felt as much in equity markets and persistent worries over tech valuations pushed the S&P 500 and Nasdaq lower.

Australia May jobs preview: Banks tip 30-45k rebound as Easter distortion fades.A clean bounce in the May data, back toward the 30-45k range the major banks are forecasting, would be consistent with the RBA's existing read that the labour market is softening only gradually. A result that undershoots, or one where the unemployment rate stays pinned at 4.5%, would sharpen the debate around how much of April's weakness was genuine signal rather than survey noise.

Natural Gas Price Forecast: Breakdown Risk vs Resistance Test.Natural gas remains in consolidation near the 20-day moving average as resistance holds and layered support builds below, leaving price vulnerable to either breakdown or recovery.

Economic and event calendar in Asia 25 June 2026 - Australian jobs report the focus.The rising core rate keeps the next RBA meeting, in August, 'live'. Today's jobs report will add more data for the Bank.

Singapore Dollar: Downtrend targets 1.3000 against US Dollar – UOB.Singapore Dollar: Downtrend targets 1.3000 against US Dollar – UOB

investingLive Americas FX news wrap 24 Jun: Dollar rally extends as risk-off mood deepens.The U.S. dollar continued its broad-based rally today as traders remained in a risk-off mood, favoring the greenback. Expectations for a Fed that may hike in 2026, along with equity markets which are vulnerable.

US Treasury yields slide as Hormuz reopening eases inflation fears.US Treasury yields slide as Hormuz reopening eases inflation fears

US Dollar: Firm tone extends with stretched positioning – Scotiabank.US Dollar: Firm tone extends with stretched positioning – Scotiabank

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 4.5% As Tankers Openly Transit The Strait Of Hormuz.Oil markets are under strong pressure amid signs of normalization in the Strait of Hormuz.

Thai Baht: Low yields drive THB underperformance – MUFG.Thai Baht: Low yields drive THB underperformance – MUFG