Japan Coincident Index fell from previous 116.5 to 116.4 in March

Japan Leading Economic Index came in at 114 below forecasts (114.5) in March

Singapore Industrial Production (MoM): 5.8% (April) vs 4.7%

Singapore Industrial Production (YoY) above forecasts (12%) in April: Actual (17.6%)

Asian stocks show mixed results on Tuesday as traders tracked diplomatic progress regarding the US-Iran conflict. Mediators reported that an agreement to reopen the Strait of Hormuz fully is nearing, providing some relief to the markets.

Gold prices fell in India on Tuesday, according to data compiled by FXStreet.

Ripple (XRP) and Stellar (XLM) are trading red on Tuesday as recovery momentum across both altcoins weakens. Mixed sentiment and broader market uncertainty continue to cap upside attempts, while traders remain indecisive amid the lack of a strong directional catalyst.

The USD/CHF pair edges higher to near 0.7830, snapping the four-day losing streak, during the early European session on Tuesday. Uncertainty surrounding the US-Iran peace negotiations provides some support to the US Dollar (USD) against the Swiss Franc (CHF). 

Bitcoin (BTC) trades above $76,000 at press time on Tuesday as Ethereum (ETH), Ripple (XRP), and Solana (SOL) consolidate above $2,000, $1.30, and $80, respectively. The US oil prices slip to $90 amid growing hopes of a peace deal with Iran, which depends on the handover of enriched uranium.

The GBP/JPY cross edges lower during the Asian session on Tuesday and erodes a part of the previous day's strong gains to the 214.70 region, or a fresh monthly peak. Spot prices, however, lack follow-through selling and currently trade around the 214.35 area, down just over 0.10% for the day.

Gold (XAU/USD) comes under renewed selling pressure during the Asian session on Tuesday and reverses a major part of the previous day's move higher to the $4,580 horizontal resistance.

EUR/JPY inches lower after posting modest gains in the previous day, trading around 184.90 during the Asian hours on Tuesday.

The EUR/USD pair trades marginally lower at around 1.1633 during the Asian trading session on Tuesday. The major currency pair faces slight selling pressure as the US Dollar (USD) attacks some bids due to fears that the United States (US)-Iran negotiations could face a setback.

US Secretary of State Marco Rubio said that the Strait of Hormuz has to be open “one way or the other," the Guardian reported on Tuesday. Rubio added that negotiating deal language with Iran may take a few days.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after registering modest losses in the previous day and trading around 99.10 during the Asian hours on Tuesday.

Silver price (XAG/USD) pares its recent gains from the previous day, trading around $76.40 per troy ounce during the Asian hours on Tuesday.

The AUD/USD pair trades in negative territory around 0.7165 during the Asian trading hours on Tuesday. The Australian Dollar (AUD) declines against the US Dollar (USD) as renewed tensions between the US and Iran weigh on risk-sensitive currencies.  

Bank of Japan (BoJ) Deputy Governor Himino said on Tuesday that the market sees increases in long-term interest rates as reflecting global inflation worries.

The USD/CAD pair extends its sideways consolidative price move for the second consecutive day and trades around the 1.3800 mark during the Asian session on Tuesday. Spot prices, however, remain close to the highest level since April 13, touched last week.

West Texas Intermediate (WTI) oil price gains ground after four days of losses, trading around $90.60 per barrel during the Asian hours on Tuesday. Crude oil prices advance on renewed supply concerns after the United States (US) forces conducted self-defense strikes in southern Iran on Monday.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8288 compared to the previous day's fix of 6.8318 and 6.7822 Reuters estimate.

The GBP/USD pair loses ground to near 1.3495 during the early Asian session on Tuesday. The British Pound (GBP) softens against the US Dollar (USD) on weak underlying UK data and US-Iran peace deal uncertainty.

The USD/JPY pair edges higher during the Asian session on Tuesday, with bulls awaiting a sustained strength and acceptance above the 159.00 mark before positioning for further gains.

NZD/USD depreciates after registering modest gains in the previous day, trading around 0.5860 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) advances on rising safe-haven demand amid uncertainty surrounding the US-Iran peace agreement.

The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Tuesday. The Euro (EUR) weakens against the US Dollar (USD) as uncertainty surrounding the US-Iran peace agreement boosts a safe-haven currency.

Bitcoin (BTC) continues to trade below the $80,000 mark as persistent selling pressure weighs on broader market sentiment, according to a Monday report from Glassnode.

United Kingdom BRC Shop Price Index (YoY) came in at 1.2%, above expectations (1.1%) in May