The People’s Bank of China (PBOC) Governor Pan Gongsheng said on Wednesday that the central bank would act if the money market overnight rate persistently deviates from operation rates.

China's financial regulator on Wednesday pledged to intensify regulatory collaboration in new sectors, curb systemic risks, resolve real estate and local government debt exposures, and crack down on illegal activity and disorderly competition in the financial sector.

Australia Westpac Leading Index (MoM) dipped from previous 0.05% to 0% in May

West Texas Intermediate (WTI) oil price moves little after registering nearly 5% losses in the previous day, trading around $75.80 per barrel during the Asian hours on Wednesday.

Japan Adjusted Merchandise Trade Balance declined to ¥-90.4B in May from previous ¥236.4B

Japan Machinery Orders (MoM) came in at 8.7%, above expectations (0.9%) in April

Japan Imports (YoY) came in at 12.5% below forecasts (12.8%) in May

Japan Merchandise Trade Balance Total above forecasts (¥-564.6B) in May: Actual (¥-378.7B)

Japan Machinery Orders (YoY) above expectations (9.3%) in April: Actual (15.6%)

Japan Exports (YoY) came in at 17%, above expectations (16.2%) in May

New Zealand Current Account - GDP Ratio: -3.6% (1Q) vs -3.7%

New Zealand Current Account (QoQ) above expectations ($-1.03B) in 1Q: Actual ($-1.01B)

United States 20-Year Bond Auction down to 4.927% from previous 5.122%

New Zealand GDT Price Index dipped from previous -0.6% to -2.8%

Colombia Retail Sales (YoY) above forecasts (11.4%) in April: Actual (14.9%)

BNY’s Bob Savage notes that the Bank of Japan delivered a hawkish 25bp rate hike to 1.0% and will continue scaling back its JGB purchase program. The BoJ signaled confidence in underlying inflation despite slowing headline CPI.

OCBC’s Sim Moh Siong argues that recent risk-on moves following the US‑Iran understanding have only produced a modest pullback in US yields and the Dollar. He highlights AI-driven US growth, Fed event risk and Oil dynamics as supporting USD resilience.

United States Redbook Index (YoY) increased to 9.4% in June 12 from previous 9.1%

BNY’s Bob Savage highlights that the Reserve Bank of Australia kept its cash rate unchanged at 4.35% but maintained a clear tightening bias. The Australian central bank emphasized that further rate hikes remain possible if inflation pressures persist.

President Donald Trump on Tuesday outlined the next steps in the Iran agreement, saying the deal's text will be released in the coming days and that the Strait of Hormuz should be fully reopened by Friday.

United States Import Price Index (YoY): 6.7% (May) vs 4.2%

United States Export Price Index (YoY) climbed from previous 8.8% to 11.2% in May

Canada Foreign Portfolio Investment in Canadian Securities above forecasts ($8.16B) in April: Actual ($46.91B)

Canada Canadian Portfolio Investment in Foreign Securities dipped from previous $3.9B to $-11.36B in April

United States Building Permits (MoM) below forecasts (1.42M) in May: Actual (1.413M)

United States Building Permits Change: -0.7% (May) vs previous 5.8%

United States Export Price Index (MoM) above forecasts (1.2%) in May: Actual (1.3%)

United States Import Price Index (MoM) registered at 1.9% above expectations (1%) in May

United States Housing Starts Change down to -15.4% in May from previous -2.8%

United States Housing Starts (MoM) came in at 1.177M, below expectations (1.43M) in May