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Markets expect ECB to hike June 11; focus shifts to forward guidance, inflation risks, and euro volatility.
USD/JPY nears 160 on strong US data, but Japan intervention risk rises; key NFP catalyst ahead.
Poland’s central bank likely holds rates at 3.75% as May inflation cools; oil shock remains.
Commerzbank sees yen weakness persisting as Hormuz closure lifts oil prices, worsening trade deficits and rate differentials.
ECB officials signal June hike for credibility as energy-driven inflation risks second-round effects; markets seem complacent.
RBI likely holds 5.25%, but hawkish tilt possible as rupee stabilizes; options favor USD/INR downside bets.
BoE’s Bailey cools rate-hike bets; oil drop helps. Sterling holds up, but stronger dollar caps GBP/USD.
Canada’s manufacturing PMI dipped to 52.9, signaling slower growth, dovish BoC, weaker loonie, volatility trades.
Dollar firms as yields rise; Powell defends Fed independence amid political pressure; markets reprice rate-cut odds.
Rupee steadies as RBI defends 95.00; focus shifts to June 5 policy, intervention over hikes.
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