Japan warns of decisive FX action as USD/JPY tests 157.50; yen-buying interventions, oil risks persist.
Gold slid near one-month lows as US-Iran tensions and high yields pressured prices; support eyed near $4,400.
EUR/GBP rose as Middle East tensions and UK political uncertainty lifted volatility; oil-driven rate expectations supported sterling.
Turkey’s April inflation hit 4.1%, lifting annual CPI to 32.4%, driven by food, housing, transport.
GBP/USD slid to 1.3531 as Hormuz tensions and higher oil boosted the dollar; markets await US data.
AUD/USD hovers near 0.7190 pre-RBA decision; expected 25bp hike, fragile risk sentiment, key levels monitored.
USD/JPY near 157 after dip; intervention chatter grows as Japan signals readiness amid dollar-supporting risks.
India’s March IIP grew 4.1%, core sector contracted; manufacturing rose, while disruptions may hit MSMEs later.
TD Securities expects Fed holds until September; Iran conflict, energy inflation, FOMC divisions may delay cuts.
Unconfirmed intervention lifted yen, but durability depends on Iran war, energy risks, and Bank of Japan policy.
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