BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Japan, U.S. Discuss Yen Weakness as Currency Intervention Concerns Grow 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
This week is a quite heavy with volatility risks, especially in terms of events.
What to watch for over the coming days:
- Central banks:
Bank of England’s (BoE) Chief economist Haldane to speak on Thursday and Friday. ECB’s Draghi to speak on Wednesday. FOMC’s Kaplan to speak on Monday, Powell on Tuesday, Janet Yellen on Wednesday, Dudley on Friday. Reserve Bank of Australia (RBA) to announce interest rate decision on Tuesday.
- Economic data:
PMI reports from around the world will be released this week. U.S. ADP and NFP employment reports on Wednesday and Friday.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.
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