UOB economists Julia Goh and Loke Siew Ting note that Philippine inflation unexpectedly eased in May but remains above the Bangko Sentral ng Pilipinas (BSP) target, keeping risks tilted to the upside.

DBS Group Research’s Chang Wei Liang highlights that USD/KRW has pushed above 1530 as weakness in semiconductor stocks adds pressure on the Korean Won.

Standard Chartered economists Jonathan Koh and Edward Lee revise their Bangko Sentral ng Pilipinas (BSP) policy rate path, dropping expectations for a 50bps off-cycle hike before the 18 June meeting.

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

DBS Group Research economist Radhika Rao highlights that Indonesia’s onshore markets are under pressure, with the Rupiah at record lows and equities near six‑year lows.

Bitcoin (BTC) has breached below $60,000 at press time on Friday, recording a 20% crash so far this week. Institutional selling and weak derivatives weigh on Bitcoin’s pullback, deepening downside risks as buyers lose the critical $60,000 support band.

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.

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.

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.

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.

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.

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.

Rabobank argues that closer EU–UK ties under Prime Minister Starmer will proceed through targeted, technical agreements that only marginally improve the United Kingdom’s growth outlook.

Nomura analysts expects the European Central Bank's (ECB) June macroeconomic projections to incorporate higher market rate assumptions and exclude May Harmonised Indices of Consumer Prices (HICP) data.

Turkey Treasury Cash Balance climbed from previous -251.242B to -128.35B in May

Kristian Nummelin at Nordea expects the European Central Bank to hike rates next week as elevated inflation and strong core momentum keep price pressures in focus. Markets are pricing a similar outcome.

Canada Ivey Purchasing Managers Index s.a came in at 58.2, above expectations (55) in May

TD Securities’ Global Strategy Team expects the ECB to raise the deposit rate to 2.25% in response to persistently high energy prices.

Commerzbank’s Thu Lan Nguyen reports that US Aluminium supply remains tight more than a year after tariffs, with a planned Oklahoma smelter blocked on environmental and ownership grounds. Domestic production has actually fallen, while high prices and import premiums damp demand.

Bob Savage at BNY notes that the Reserve Bank of India kept the repo rate at 5.25% and a neutral stance, while unveiling measures to support the Rupee and attract foreign capital.

United States U6 Underemployment Rate up to 8.1% in May from previous -8%