Gold prices surge as US credit rating downgrade sparks safe-haven demand amid economic and debt concerns.
Interest rates may rise if economy improves; inflation to pick up despite consumption hit from higher prices.
BOJ may raise interest rates amid economic recovery; inflation uncertainty and consumption impact remain concerns.
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.
Insights 
VT 
