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Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
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RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
China Agrees to Buy 20 Million Tons of U.S. Coal 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Holds Near Two-Month High as Yen Approaches 160 
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Asian currencies gained on Friday as market risk sentiment improved after the White House announced President Donald Trump would delay any decision on military action against Iran for two weeks. The move helped ease fears of an imminent U.S. escalation in the Iran-Israel conflict, leading to a retreat in the U.S. dollar.
The dollar index slipped 0.2% following the announcement, reversing some gains made earlier in the week after the Federal Reserve maintained a hawkish stance during its recent meeting. Despite the dip, the greenback remained up 0.4% for the week, supported by Fed Chair Jerome Powell’s comments on holding rates steady amid inflation risks from proposed trade tariffs.
Improved risk appetite weighed on the Japanese yen, although the currency strengthened 0.2% against the dollar (USDJPY) after hotter-than-expected CPI data and hawkish Bank of Japan minutes signaled further rate hikes. Japan’s national core inflation surged to a 2.5-year high in May, reinforcing expectations of more tightening from the BOJ despite caution over U.S. trade tensions.
China’s yuan was little moved after the People’s Bank of China held its loan prime rate steady, with USDCNY easing 0.1%. The South Korean won gained as USDKRW dropped 0.7%, while the Indian rupee and Singapore dollar saw their USD pairs fall 0.3% and 0.2%, respectively. The Australian dollar also rebounded, with AUDUSD rising 0.3% after recent losses.
Markets remained uncertain about the timing of Japan’s next rate hike, while U.S. monetary policy and geopolitical developments continued to influence global currency moves. As traders assessed inflation data, central bank signals, and geopolitical risks, the short-term outlook favored Asian currencies amid easing war concerns.
