India RBI Interest Rate Decision (Repo Rate) in line with forecasts (5.25%)

India Reverse Repo Rate remains unchanged at 3.35%

EUR/JPY moves little after posting modest gains in the previous day, trading around 185.80 during the Asian hours on Friday. The EUR/JPY cross is holding a constructive bullish bias as it remains above both the nine-day and 50-day Exponential Moving Averages (EMAs).

The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for May on Friday at 12:30 GMT. 

The US Dollar (USD) struggles for a direction as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices edge lower on Friday, extending a steady decline of roughly 15% so far this week. Institutional outflows weigh on Bitcoin and Ethereum while XRP largely follows the broader market trend.

USD/KRW extends its five-day winning streak, trading around 1,540 after hitting 1,549, a level previously seen in March 2009, during the Asian hours on Friday. The South Korean Won continues to decline despite explicit pledges from government officials to curb excessive market volatility.

Citing two people familiar with the matter, Reuters reported on Friday that Oman’s Mina al Fahal terminal has halted crude oil loading, following an explosion near its single-buoy mooring (SBM) berths.

USD/CAD depreciates after two days of gains, trading around 1.3900 during the Asian hours on Friday. The pair declines as the commodity-linked Canadian Dollar (CAD) gains support from rising oil prices.

Silver price (XAG/USD) is down 2% to near $72.40 during the Asian trading session on Friday.

NZD/USD loses ground after posting minor gains in the previous day, trading around 0.5850 during the Asian hours on Friday. The currency pair depreciated as the New Zealand Dollar (NZD) struggled against potential trade headwinds.

The AUD/USD pair loses momentum to around 0.7120 during the early European session on Friday. The Australian Dollar (AUD) softens against the US Dollar (USD) amid a cautious mood and ongoing conflict in the Middle East. The US May employment report will be in the spotlight later on Friday. 

USD/JPY extends its losses for the second successive day, trading around 159.90 during the Asian hours on Friday. The currency pair depreciated as the Japanese Yen (JPY) found support from heightened fears of government intervention.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Friday at 6.8157 compared to the previous day's fix of 6.8203 and 6.7735 Reuters estimate.

The EUR/USD pair holds steady around 1.1620 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the key US economic data. The US jobs data for May will be the highlight later in the day. 

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $90.85 during the early Asian trading hours on Friday. The WTI price trades with mild losses as traders continue to assess the developments surrounding the US-Iran peace deal. 

Japan’s Finance Minister Satsuki Katayama said on Friday that the authorities are always ready to react suitably as needed on foreign exchange.

Losses from decentralized finance (DeFi) exploits have fallen by 80% since reaching a record high in 2022, according to a report released by Immunefi.

Japan JP Foreign Reserves dipped from previous $1383B to $1B in May

US President Donald Trump said that he would be “honored” to meet Iranian Supreme Leader Ayatollah Mojtaba Khamenei if a deal is reached to end the U.S.-Iran war, CNBC reported on Thursday.

Japan Overall Household Spending (YoY) came in at -0.5%, above forecasts (-1.5%) in April

Japan Labor Cash Earnings (YoY) came in at 3.5%, above expectations (3.2%) in April

Sterling is standing on a bet that gets harder to justify by the week. Markets still lean toward Bank of England (BoE) rate hikes this year, even as the economy beneath the Pound flashes contraction rather than the overheating that would normally warrant tighter policy.

Gold price (XAU/USD) edges lower to near $4,470 during the early Asian session on Friday. The precious metal remains volatile amid ongoing geopolitical turmoil. Traders will closely monitor the developments surrounding the US-Iran peace deal and the US May employment report later on Friday. 

South Korea Current Account Balance declined to 28.29B in April from previous 37.33B

The Australian Dollar is going nowhere in a hurry, and the contradiction at its core explains why. The Reserve Bank of Australia (RBA) keeps dangling the prospect of another hike, yet the economy it governs just expanded 0.3% in the first quarter, a clear step down from the prior pace.

Ethereum (ETH) is down more than 1.7% over the past 24 hours on Thursday, extending its weekly decline by 12% despite positive feedback following Ethereum treasury firm BitMine Immersion Technologies' (BMNR) plan to launch a Series A Perpetual Preferred Stock.