Japan’s May Jibun Bank Manufacturing PMI came in at 54.5, meeting expectations and signaling expansion.
AUD/USD dipped to 0.7150 as weak Australia PMIs and Middle East tensions boosted safe-haven US Dollar demand.
Japan’s core machinery orders climbed 5.9% in March, beating expectations of 4.5% year on year.
Foreign net buying of Japanese stocks fell to ¥949.6bn in week ending 15 May, down ¥487.9bn.
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.
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