Japan’s April imports surged 9.7% year on year, beating the 8.3% forecast by 1.4 points.
Japan posted a ¥301.9B merchandise trade surplus in April, far above the expected ¥-29.7B deficit.
Japan’s April exports grew 14.8% year on year, surpassing the 9.3% forecast and beating expectations.
Gold steady near $4,540 as US-Iran tensions, Hormuz risks and US PMI data keep markets cautious.
Australia’s S&P Global Manufacturing PMI fell to 50.2 in May from 51.3, signaling near-stagnant conditions.
Australia’s May PMIs weakened: manufacturing 50.3, services 47.7, composite 47.8; AUD/USD rose to 0.7150.
UK inflation slowed, yet sterling rose near 1.3450 on dollar weakness; PMIs and retail sales awaited.
New Zealand exports rose to $8.62b in April from $7.94b, increasing by $0.68b overall.
New Zealand’s imports fell to $6.7b in April, down $0.55b from $7.25b previously.
Yen ended slightly firmer as dollar softened; USD/JPY held near 159, with 158 support and inflation awaited.
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