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.

EUR/JPY depreciates after three days of gains, trading around 186.20 during the Asian hours on Wednesday. The currency cross holds a constructive bullish bias as it remains above both the nine-day and 50-day Exponential Moving Averages (EMAs).

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.50 during the Asian trading hours on Wednesday. The DXY extends the decline amid optimism surrounding a potential US-Iran peace deal.

Silver price (XAG/USD) continues its winning streak for the fifth consecutive day, trading around $70.40 per troy ounce during the Asian hours on Wednesday.

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.

The NZD/USD pair trades with a positive bias for the second consecutive day on Wednesday, though it lacks bullish conviction and remains below mid-0.5800s through the Asian session.

USD/CAD halts its four-day winning streak, trading around 1.3990 during the Asian hours on Wednesday.

The GBP/USD pair gathers strength to around 1.3430 during the early Asian trading hours on Wednesday, bolstered by Middle East peace hopes.

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

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Wednesday at 6.8096 compared to the previous day's fix of 6.8108 and 6.7659 Reuters estimate.

The USD/JPY pair ticks lower during the Asian session on Wednesday, though it remains within striking distance of the highest level since late April, touched last week.

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.

Crypto exchange Coinbase (COIN) unveiled a broad slate of new products on Tuesday, outlining plans to expand into tokenized equities and AI-powered investment tools in its pursuit of becoming an "Everything Exchange."

The AUD/USD pair trades with mild gains around 0.7070 during the early Asian trading hours on Wednesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) after the Reserve Bank of Australia (RBA) delivered a hawkish hold on rates on Tuesday. 

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

The EUR/USD pair holds steady near 1.1610 during the early Asian session on Wednesday. Traders prefer to wait on the sidelines ahead of the US Federal Reserve (Fed) interest rate decision later in the day. Also, the US May Retail Sales will be published. 

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

Ethereum (ETH) large holders have leveraged the price dip from the past two weeks to expand their holdings.

Gold price (XAU/USD) holds positive ground around $4,335 during the early Asian session on Wednesday. The precious metal rebounds from its lowest levels of the year, which reached last week after the United States (US) and Iran had agreed on a framework deal to end the war.

GBP/USD spent Tuesday going almost nowhere, closing fractionally higher near the middle of a range it has refused to leave for months. The stillness is not for lack of news; it is the calm of a market that has read Wednesday's calendar and decided to wait.

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)

The NZD/USD pair trades sideways near the 0.5830 region on Wednesday, as the New Zealand Dollar (NZD) finds mild support from a softer US Dollar, while traders remain cautious ahead of the Federal Reserve’s (Fed) policy decision.