New Zealand RBNZ Inflation Expectations (QoQ): 2.53% (2Q) vs 2.37%

South Korea Money Supply Growth fell from previous 8% to 7.2% in March

The GBP/USD pair struggles to capitalize on the previous day's late bounce from the 1.3500 psychological mark, or a nearly two-week low, and oscillates in a narrow band during the Asian session on Wednesday.

USD/JPY extends its gains for the third successive day, trading around 157.70 during the Asian hours on Wednesday.

The Organization for Economic Co-operation and Development (OECD) projected the Bank of Japan (BoJ) will raise its policy rate to 2.0% by end-2027 from 0.75% currently, supported by higher inflation expectations, solid wage growth and a closed output gap.

The AUD/USD pair gains ground to around 0.7240 during the Asian trading hours on Wednesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) amid a hawkish stance from the Reserve Bank of Australia (RBA).  

Silver price (XAG/USD) continues its winning streak for the sixth successive day, trading around $86.80 per troy ounce during the Asian hours on Wednesday.

Australia Wage Price Index (YoY) meets forecasts (3.3%) in 1Q

Australia Wage Price Index (QoQ) meets forecasts (0.8%) in 1Q

Australia Investment Lending for Homes declined to -3% in 1Q from previous 7.9%

Australia Home Loans fell from previous 10.6% to -4.3% in 1Q

New Zealand's Prime Minister Christopher Luxon said that global uncertainties from the Middle East conflict reinforced the need for responsible economic management and fiscal discipline, Reuters reported on Wednesday.

The USD/CAD pair trades on a flat note near 1.3695 during the early Asian trading hours on Wednesday. Traders continue to assess hot US inflation data and ongoing tensions in the Middle East. The US April Producer Price Index (PPI) report will take center stage later on Wednesday. 

JPMorgan filed a registration statement with the US Securities and Exchange Commission (SEC) on Tuesday to launch the JPMorgan OnChain Liquidity-Token Money Market Fund, trading under the ticker JLTXX.

US President Donald Trump said that he would prioritize trade discussions during his summit with Chinese President Xi Jinping and downplayed the amount of attention they would devote to the Iran war, Bloomberg reported on Tuesday.

The EUR/USD pair trades in negative territory around 1.1735 during the early Asian session on Wednesday. The US Dollar (USD) edges higher against the Euro (EUR) on hotter-than-expected US inflation data.

Japan Trade Balance - BOP Basis climbed from previous ¥2709B to ¥3900B in March

Japan Bank Lending (YoY) registered at 5.4% above expectations (4.6%) in April

Japan Current Account n.s.a. registered at ¥4.682B, below expectations (¥3879B) in March

US President Donald Trump said that “we have Iran very much under control.” But also reiterated that “we’re either going to make a deal, or they’re going to be decimated,” the New York Times reported on Tuesday.

Wednesday's EIA inventory data will test how tight US crude supply has become amid the prolonged Hormuz closure.

Gold price (XAU/USD) trades with mild gains near $4,720 during the early Asian session on Wednesday. However, the potential upside for the precious metal might be limited due to hotter-than-expected US inflation and shifting geopolitical tensions.

Bitcoin is challenging the long-term perception that it behaves as a leveraged proxy of the Nasdaq, according to a K33 report released Tuesday.

South Korea Unemployment Rate climbed from previous 2.7% to 2.8% in April

GBP/USD lost about 0.7% on Tuesday, sliding from prior session highs near 1.3650 to test the 1.3500 round figure before a modest late-session rebound.

TD Securities’ Chief US Macro Strategist Oscar Munoz argues that 2026 US labor data suggest Artificial Intelligence is only modestly affecting employment so far. He highlights that AI adoption remains low across industries and concentrated in large, knowledge-intensive firms.

USD/JPY recovers some ground and rallies towards a daily four-day high near 157.80 as traders digest comments from US Treasury Secretary Scott Bessent on undesirable volatility in the FX space, prompting a Yen buy. At the time of writing, the pair is up by over 0.30%.