Japan CFTC JPY NC Net Positions: ¥-129.6K vs previous ¥-114.7K

United Kingdom CFTC GBP NC Net Positions rose from previous £-61.4K to £-52.2K

United States CFTC Oil NC Net Positions declined to 155.9K from previous 161K

Australia CFTC AUD NC Net Positions declined to $41.8K from previous $60.2K

United States CFTC S&P 500 NC Net Positions down to $-220.8K from previous $-165.8K

Eurozone CFTC EUR NC Net Positions climbed from previous €29.4K to €48.9K

United States CFTC Gold NC Net Positions: $176K vs $154.3K

UOB’s Global Economics & Markets Research, led by Enrico Tanuwidjaja and Sathit Talaengsatya, argues that Thailand’s latest Consumer Price Index (CPI) data confirm a cost-push rather than demand-led inflation backdrop.

NZD/USD slips to its lowest level since April on Friday as the US Dollar (USD) receives fresh bids in the wake of solid US Nonfarm Payrolls (NFP) data. At the time of writing, the pair trades around 0.5800 and is heading for a weekly loss of nearly 3%.

US Treasury yields skyrocket across the whole curve on Friday, with the 2-year Treasury note yield rising over twelve basis points, while the benchmark note, the 10-year, surges six basis points following an outstanding Nonfarm Payrolls report.

OCBC’s FX Strategist Sim Moh Siong expects the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) to trade 1.5–2% above midpoint, supported by de-dollarisation and safe-haven flows, even as reduced carry tempers its appeal.

Nordea’s Kristian Nummelin highlights that the Chinese yuan has been the best-performing Asian currency this year, appreciating against both the Dollar and the Euro despite widening US–China yield spreads.

Gold (XAU/USD) price collapses during the North American session on Friday as the latest Nonfarm Payrolls report in the US smashed forecasts, with figures for the last three months upwardly revised, increasing the chance of a Federal Reserve (Fed) rate hike.

United States Baker Hughes US Oil Rig Count up to 431 from previous 429

OCBC’s FX Strategist Sim Moh Siong says softer Oil prices offer only limited relief to Asia FX, with the Korean Won and Indonesian Rupiah still pressured by equity outflows and policy concerns.

The market walked into Friday's payrolls report braced for weakness, and the US Dollar Index (DXY) made it pay. Consensus looked for a soft 85K of new jobs in May, the kind of number that fits a cooling labor market and a Federal Reserve (Fed) edging toward cuts.

Ripple (XRP) extends its downtrend, trading around $1.09 at the time of writing on Friday, its lowest level since November 2024.

UOB economists say Thailand’s May Consumer Price Index (CPI) eased slightly but stayed near the top of the Bank of Thailand's (BoT) target, with core inflation still subdued. They stress that price gains are driven by fuel, transport and prepared food rather than broad demand.

There is an old reflex in equity markets that never quite dies: when the economy looks too strong, stocks get nervous. Friday brought it straight back.

The USD/CAD pair rises and trades near the 1.3930 region on Friday as the US Dollar (USD) gains ground following a stronger-than-expected Nonfarm Payrolls (NFP) report, offsetting support from an equally impressive Canadian employment release.

The Swiss Franc (CHF) weakens on Friday as the US Dollar (USD) outperforms its major peers following upbeat US labor market data. At the time of writing, USD/CHF is trading around 0.7955, climbing to a two-month high.

Deutsche Bank analysts underscore that stronger Japanese wage data and resilient household spending are reinforcing expectations for Bank of Japan (BoJ) tightening. Real and nominal wages are rising at the fastest pace since 2024, with futures pricing a high probability of a June hike.

BNY’s Bob Savage underscores renewed stress in parts of EM Asia, with Indonesia’s Rupiah weakening beyond 18,000 and Korean Won pressured despite a strong current account surplus.

The Pound Sterling falls below the 1.3400 figure, registering losses of 0.37% after the latest Nonfarm Payrolls report in the US crushed estimates, potentially confirming that the economy is at full employment.

Societe Generale analysts Kunal Kundu and Galvin Chia note that the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) kept the repo rate at 5.25% with a neutral stance, while cutting FY27 Gross Domestic Product (GDP) growth to 6.6% and raising FY27 Consumer Price Index (CPI) inflation to

Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that it remains reasonable to keep interest rates steady for now, but she warned that if recent economic trends continue, policymakers may soon need to take action to address persistently high inflation.

Silver (XAG/USD) falls on Friday and trades around $68.90 at the time of writing, down 6.74% on the day. The white metal is under heavy selling pressure after a stronger-than-expected US employment report boosted the US Dollar and reinforced expectations of a more restrictive Federal Reserve (Fed).