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Trump will be speaking on Friday, on Musk at 1.30pm, then on US Steel after markets close

Japan govt official says several companies say US tariffs caused delay shipment in April

Russia transferred 1.8 tons of gold bars (approx US$104 mn) to Iran as payment for drones

Japan April unemployment rate 2.5% (expected 2.5%, prior 2.5%)

Tokyo May 2025 headline CPI +3.4% y/y (3.4% expected)

USD/JPY dips to 143.80 after solid Tokyo inflation data

Japan April retail sales +3.3% y/y (+3.1% expected)

Japan April industrial production -0.9% m/m (expected -1.4%)

Trump is airing grievances over tariff ruling but notes the order was stayed

Us Treas Sec Bessent admits that talks with China are a bit stalled

Bloomberg: Japanese life insurers cut protection against stronger yen to fresh 14-year low

New Zealand building permits -15.6% m/m in April (prior +10.7)