Suspected Japanese intervention spent $34.5bn, strengthening yen; focus shifts to USD/JPY 155–158 amid further action fears.
U.S. S&P Global Manufacturing PMI rose to 54.5 in April, beating 54 forecast, signaling continued factory expansion.
GBP/JPY rebounded after suspected Tokyo intervention; pair eyed resistance 214.50, downside risks persist amid weak yen.
Canada’s S&P Global Manufacturing PMI rose to 53.3 in April, signaling stronger manufacturing conditions and expansion.
AUD/USD hovered near 0.7200 as markets awaited RBA decision; inflation, Middle East risks, and Fed outlook watched.
Makhlouf warned Middle East conflict uncertainty may keep energy prices high; ECB watches inflation expectations, wages, and costs.
Sterling dipped near 1.3590, but stayed firm as investors expect Bank of England rate hikes soon.
Cleveland Fed’s Hammack dissented, saying easing bias is outdated as inflation risks rise amid resilient economy.
Iran proposed ending war, responding to US amendments via Pakistan; dollar fell, futures mixed after headline.
Kashkari dissented, urging Fed highlight Hormuz risks: price shocks could raise expectations, forcing hikes or holding rates.
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