West Texas Intermediate (WTI) price declines after three successive days of gains, trading around $92.70 per barrel during the Asian hours on Thursday.

Japan’s Chief Cabinet Secretary Minoru Kihara said on Thursday, “specific monetary policy means are up to the Bank of Japan (BoJ) to decide.”

AUD/JPY pares its daily losses, remaining in the negative territory and trading around 114.10 during the Asian hours on Thursday. The receives minor support as the Australian Dollar (AUD) gains following the release of Australia’s Trade Balance data.

Australia Trade Balance (MoM) up to 1791M in April from previous -1841M

Australia Exports (MoM): 7.2% (April) vs -2.7%

Australia Imports (MoM) declined to 0.8% in April from previous 14.1%

New Zealand ANZ Commodity Price: 0.7% (May) vs -0.8%

The Republican-led House voted to curb the US war with Iran, breaking with US President Donald Trump on an unpopular foreign conflict that is taking an escalating economic toll on Americans, Bloomberg reported on Wednesday.

Ireland AIB Services PMI climbed from previous 49.7 to 50.8 in May

Israel and Lebanon on Wednesday agreed to renew a ceasefire but said it would require a "complete cessation" of fire by Iran-backed Hezbollah. The agreement was announced in a joint statement after US-led talks in Washington.

Japan Foreign Investment in Japan Stocks declined to ¥-491.2B in May 29 from previous ¥1080.4B

Iran’s Foreign Minister Abbas Araghchi said that while contact with the United States (US) has not been cut off, negotiations to end the Middle East war had made "no tangible progress,” Aljazeera reported on Wednesday.

South Korea FX Reserves fell from previous 427.88B to 426.99B in May

Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, said on Wednesday that inflation remains too elevated and warned that higher interest rates could be needed later this year if price pressures fail to ease further.

DBS Group Research’s Radhika Rao expects Philippines inflation to climb further above the Bangko Sentral ng Pilipinas’ (BSP) target, driven by food, fuel and currency weakness. She notes some easing in sequential pressures from lower fuel prices and utilities.

According to Fars, Saeed Ajorlou, a member of the Iranian negotiating team, outlined a four-stage proposal for a deal between Iran and the US

The Federal Reserve (Fed) released the latest Beige Book on Wednesday, which the Federal Open Market Committee (FOMC) uses in discussions about setting monetary policy. The Beige Book gathers information from the Fed's 12 districts and provides an overall picture of the US economy.

DBS Group Research economist Radhika Rao notes that Indonesia’s May inflation accelerated on higher food and energy costs but remains within Bank Indonesia’s target band. She highlights weather risks, Rupiah weakness and a shrinking trade surplus as key concerns.

OCBC’s FX Strategists Sim Moh Siong and Christopher Wong note that the CNY has gained 3.3% against the Dollar this year, outperforming Asian peers and strengthening on the CFETS basket.

MUFG’s Lloyd Chan highlights that Indonesia is undergoing a structural regime shift as the state moves toward direct control of key commodity exports via Danantara Sumberdaya Indonesia.

Russia Unemployment Rate meets forecasts (2.2%) in April

DBS Group Research, led by Radhika Rao with contributions from Daisy Sharma, expects India’s real GDP growth to slow in early 2026 after a firm second half of FY26.

Federal Reserve (Fed) Bank of New York President John Williams said on Wednesday that higher energy prices are driving up costs and inflation, per Reuters.

ING’s Padhraic Garvey and Michiel Tukker stress that Eurozone real rates are increasingly driven by structural forces such as fiscal expansion and record bond supply. They point to rising 10Y euro implied real rates since 2024, helped by German spending plans.

United States ISM Services New Orders Index climbed from previous 53.5 to 57.3 in May

United States ISM Services PMI came in at 54.5, above forecasts (53.8) in May

United States ISM Services Prices Paid: 71.3 (May) vs 70.7

United States ISM Services Employment Index dipped from previous 48 to 47.9 in May

United States Factory Orders (MoM) came in at 4.8%, above forecasts (4.6%) in April

The final reading of the United States (US) S&P Global Services PMI came in at 50.7 in May, compared to the previous 50.9 and missing estimates of 50.9. Meanwhile, the Composite PMI was confirmed at 51.5 in the same month, slightly below the anticipated 51.7.