USD/JPY Remains Bullish as Japan Feels Yield Heat.USD/JPY outlook remains firmly bullish as rising global bond yields and inflation data reshape currency dynamics. Razan Hilal, Market Analyst at FOREX.com, explains how diverging central bank policies, surging U.S. and Japanese yields, and long-term technical structures are driving the pair toward key resistance levels.

Spain inflation eases a little in April but still much higher than before US-Iran conflict.Even so, headline inflation increased further by 0.4% on the month with price pressures seen more widespread. Restaurants and accommodation services saw a 1.2% increase with clothing and footwear reflected a 6.0% jump in prices.

Copper: Tight market near record highs – ING.Copper: Tight market near record highs – ING

WTI declines below $97.00 as markets await Trump-Xi talks outcome.WTI declines below $97.00 as markets await Trump-Xi talks outcome

Indian Rupee: Precious metal tariffs doubled to support INR – Commerzbank.Indian Rupee: Precious metal tariffs doubled to support INR – Commerzbank

Swiss Franc flattens as investors await Trump's comments on meeting with China's Xi.Swiss Franc flattens as investors await Trump's comments on meeting with China's Xi

India WPI Inflation above forecasts (4.4%) in April: Actual (8.3%).India WPI Inflation above forecasts (4.4%) in April: Actual (8.3%)

UK GDP Expands 0.6% in Q1, up 0.3% in March.UK economic growth held up better than expected in the first quarter of 2026, with GDP expanding 0.6% qoq in line with forecasts as stronger services activity helped offset softer industrial momentum. The figures suggest the economy entered the second quarter with more resilience than many investors had feared, despite elevated energy costs and rising political uncertainty surrounding Prime Minister Keir Starmer's government.

United Kingdom Total Trade Balance fell from previous £-0.72B to £-9.658B in March.United Kingdom Total Trade Balance fell from previous £-0.72B to £-9.658B in March

United Kingdom Gross Domestic Product (YoY) above expectations (0.8%) in 1Q: Actual (1.1%).United Kingdom Gross Domestic Product (YoY) above expectations (0.8%) in 1Q: Actual (1.1%)

United Kingdom Gross Domestic Product (QoQ) meets expectations (0.6%) in 1Q.United Kingdom Gross Domestic Product (QoQ) meets expectations (0.6%) in 1Q

AUD/JPY Price Forecast: Gathers strength as Trump meets Xi in Beijing, bullish bias prevails.AUD/JPY Price Forecast: Gathers strength as Trump meets Xi in Beijing, bullish bias prevails

Trump-Xi Summit 2026: Key Expectations and What Markets Are Watching.Today's two-day meeting between Donald Trump and Xi Jinping in Beijing is shaping up to be one of the most consequential geopolitical events for global markets in 2026.

Markets Await Concrete Signals as Trump-Xi Summit Begins in Beijing.Markets are still waiting for the real signals. As US President Donald Trump's two-day summit with Chinese President Xi Jinping began in Beijing today, investors largely avoided making aggressive bets, preferring instead to wait for the kinds of concrete announcements and joint language that typically emerge near the end of high-level diplomatic visits.

China's Xi praises US CEOs visit to Beijing.China's Xi praises US CEOs visit to Beijing

Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/NZD.The euro is showing mixed technical signals across major crosses, with EUR/USD threatening another leg lower as US dollar correlations strengthen, EUR/JPY attempting to recover from suspected MOF intervention losses, and EUR/NZD consolidating beneath key resistance within a broader downtrend. While near-term rebounds remain possible across several pairs, broader price action still favours selective bearish setups against the euro in the sessions ahead.

Chinese Yuan reaches three-month highs as Trump-Xi meeting begins.Chinese Yuan reaches three-month highs as Trump-Xi meeting begins

Indian Rupee trades with caution ahead of Trump-Xi meeting outcome.Indian Rupee trades with caution ahead of Trump-Xi meeting outcome

BoE's Breeden: We can't wait forever, but we don't need to do it in June or July .BoE's Breeden: We can't wait forever, but we don't need to do it in June or July 

US PPI Surges as Inflation Heat Derails Rate Cut Hopes Ahead of Trump-Xi Summit.Equities: US stock markets remained buoyant despite a red-hot PPI print. Supported by tech stocks, the S&P 500, up 0.6%, and the Nasdaq 100, up 1%, rallied to another record high.

Heads up: It is a holiday in some parts of Europe but markets will still be open.This will be in observance of Ascension Day and with it being on a Thursday, we could see many people take a "bridge" holiday on Friday into the weekend as well. The holiday here is not one that is observed in Spain or Italy though, with Assumption Day (in August) being the more important celebration.

BOJ board member Masu calls for early rate hike.The Bank of Japan should raise interest rates as soon as possible if there ​are no clear signs of an economic slowdown, Kazuyuki Masu, a ‌member of the central bank's board, said on Thursday, pointing to mixed views at an April policy meeting.

Oil Price Forecast: Trump-Xi Talks and Hormuz Risk Keep Brent Above $100.Oil prices remain supported by the Iran war, Strait of Hormuz risks, and Trump-Xi uncertainty, while Brent and WTI technical patterns point to further upside if supply concerns persist.

Rupee hits record low of 95.85/USD as energy risk worries deepen.The Indian rupee reached an all-time low on Thursday, driven by elevated oil prices and continuous foreign portfolio outflows. This has created strain on India's current and capital accounts, with the currency particularly vulnerable due to its heavy reliance on oil imports, especially if the Iran conflict persists.

Rupee hits record low as worries over energy risks deepen.The Indian rupee fell to an all-time ​low on Thursday, pressured ‌by stubbornly high oil prices and persistent foreign portfolio outflows ​that have led to ​current and capital account strain ⁠for Asia's third-largest economy.

BoJ's Masu warns Iran war energy shock could hit Japan harder than 1973 oil crisis.BoJ's Masu warns Iran war energy shock could hit Japan harder than 1973 oil crisis

investingLive Asia-Pacific FX news wrap: Nikkei225 & KOSPI (Japan, South Korea) supported.World leaders struck a conciliatory tone as the Trump-Xi summit opened in Beijing, with Chinese President Xi Jinping telling his counterpart "we should be partners, not rivals," while President Trump reflected that past difficulties between the two nations had ultimately been resolved. The high-stakes meeting, the first by a sitting U.S. president to China in nearly a decade, got underway with warmer opening exchanges than many had anticipated given the backdrop of ongoing trade tensions and the Iran conflict.

British Pound hovers ahead of UK GDP data, awaits Trump-Xi meeting updates.British Pound hovers ahead of UK GDP data, awaits Trump-Xi meeting updates

US dollar index trades firmly around 98.50 in countdown to Trump-Xi meeting outcome.US dollar index trades firmly around 98.50 in countdown to Trump-Xi meeting outcome

Japan's government mulls extra budget for FY 2026 to ease pressure of oil prices – Kyodo News.Japan's government mulls extra budget for FY 2026 to ease pressure of oil prices – Kyodo News