China’s housing market remains weak, with home prices flat monthly and declining 4% year-over-year in April.
USD/JPY weakens as Yen gains on BoJ rate hike hopes and US credit rating downgrade impacts Dollar.
The PBOC set the yuan reference rate below expectations and injected 92 billion yuan net liquidity today.
China’s House Price Index rose to -4% in April, showing improvement from the previous -4.6% figure.
Japan halts poultry imports from Brazil due to bird flu outbreak in Montenegro City and Rio Grande do Sul.
Euro rises 0.28% against Dollar as US credit rating dips, trade tensions ease, and ECB signals cuts.
Prime Minister Ishiba opposes U.S. auto tariffs, complicating trade talks ahead of Japan’s upper house election.
Japanese PM Ishiba criticizes US car tariffs, stresses fair trade, and warns against bond-funded tax cuts.
The PBOC sets the yuan’s midpoint daily, allowing limited fluctuation and intervenes to ensure stability.
Moody’s downgrade prompts cautious trading; macroeconomic shifts impact sectors, while investors weigh fiscal policy uncertainty.
Insights 
VT 
