Netherlands, The Retail Sales (YoY) declined to 2.9% in May from previous 3.4%

USD/IDR pares its daily gains, remaining in positive territory for the third successive day and trading around 17,980 during the Asian hours on Wednesday. The pair inches lower as the Indonesian Rupiah (IDR) receives minor support following the economic data release.

Netherlands, The Retail Sales (YoY) declined to 1.2% in May from previous 3.4%

Indonesia Trade Balance registered at $-1.61B, below expectations ($1.2B) in May

Indonesia Imports came in at 22.16%, above forecasts (19.5%) in May

Indonesia Exports below expectations (6.4%) in May: Actual (-5.73%)

European Central Bank (ECB) Executive Board member Piero Cipollone on Wednesday urged colleagues to hold off on any further rate hikes until new economic projections land.

Netherlands, The Gross Domestic Product n.s.a (YoY) dipped from previous 1.8% to 1.4% in 1Q

Indonesia Core Inflation (YoY) above forecasts (2.6%) in June: Actual (2.76%)

European Central Bank (ECB) Governing Council member and Governor of the Central Bank of Malta, Alexander Demarco, said on Wednesday that the central bank can delay decisions on additional tightening until next projections. 

Indonesia Inflation (MoM) came in at 0.44%, above expectations (0.3%) in June

China RatingDog Manufacturing PMI meets forecasts (51.7) in June

Australia Building Permits (YoY) dipped from previous 10.2% to 5.3% in May

Australia Building Permits (MoM) below forecasts (1%) in May: Actual (-1.1%)

South Korea S&P Global Manufacturing PMI down to 52.1 in June from previous 54.8

Japan Jibun Bank Manufacturing PMI came in at 54.8 below forecasts (54.9) in June

The Bank of Japan’s (BoJ) Tankan survey of business sentiment surged significantly past market forecasts in the manufacturing sector. Japan’s Tankan Large Manufacturing Index climbed to 22 in the second quarter (Q2) from 17 in the previous reading, stronger than the market expectation of 16.

Ireland AIB Manufacturing PMI dipped from previous 55.9 to 54.9 in June

US President Donald Trump has held multiple conversations in recent days with Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen.

OCBC’s Christopher Wong observes that USD/SGD has slipped, tracking broader USD moves as risk sentiment tentatively stabilised. Bullish momentum on the daily chart has faded and RSI has fallen, leaving risks skewed to the downside.

Japan Tankan Non - Manufacturing Outlook came in at 28 below forecasts (30) in 2Q

Japan Tankan Large Manufacturing Outlook above forecasts (13) in 2Q: Actual (17)

Japan Tankan Large All Industry Capex: 11.5% (2Q) vs 3.3%

Japan Tankan Non - Manufacturing Index registered at 37 above expectations (35) in 2Q

Japan Tankan Large Manufacturing Index came in at 22, above expectations (16) in 2Q

OCBC’s Christopher Wong suggests Asian FX may find a breather if USD momentum fades, with much Fed hawkishness and US data resilience already priced in. Contained Oil prices should ease external balance and inflation concerns for net Oil importers.

Mexico Fiscal Balance, pesos: -176.15B (May) vs previous -37.148B

Australia S&P Global Manufacturing PMI registered at 51.5 above expectations (51.2) in June

Ireland Consumer Confidence increased to 62.2 in June from previous 59.4

United Overseas Bank’s (UOB) Quek Ser Leang notes that USD/SGD has lost upside momentum after briefly breaching support at 1.2925, shifting the short-term bias to neutral.