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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)
ICYMI: Energy minister says oil prices above $70 / $75 /barrel likely suits all countries
New Zealand May consumer confidence plunges to 92.9 (prior 98.3)
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