Category: Uncategorized

Japan economy minister Akazawa: Will take appropriate actions re tariffs

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

AUD a little lower – poor retail sales cited (there’s a but, though)

Australian April building permits -5.7% m/m (expected +3.1%)

Australian April 2025 retail sales -0.1% m/m (expected +0.3%)

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

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

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

USD/JPY dips to 143.80 after solid Tokyo inflation data

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

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

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