investingLive Asia-Pacific FX news wrap: Equites stage solid rallies on Iran deal optimism.Asian markets staged a broad rally on Friday even as the situation around the Strait of Hormuz remained fluid, with diplomatic optimism around a potential US-Iran deal offset by continued flare-ups on the water.

Swiss Franc weakens as renewing risk aversion lifts US Dollar.Swiss Franc weakens as renewing risk aversion lifts US Dollar

USD/JPY Could Restart Its Uptrend with Bulls Back in Control.Looking at the 4-hour chart, the pair traded below a bullish trend line with support at 160.20. However, the bulls were active above 159.50.

Rupee set to jump after oil sinks on Iran-US breakthrough hopes.The Indian rupee is set to climb at open on Friday, buoyed by a retreat in crude prices after U.S. President ​Donald Trump signalled that a deal with Iran is imminent, a ‌development that could soften a persistent pressure point for the currency.

United States Dollar Index gains ground above 99.50 as Middle East tensions, hot US PPI fuel demand.United States Dollar Index gains ground above 99.50 as Middle East tensions, hot US PPI fuel demand

NZ BNZ PMI Falls Below 50 as Manufacturers Face Demand and Energy Pressures.New Zealand's manufacturing sector slipped back into contraction in May, with the BNZ-BusinessNZ Performance of Manufacturing Index falling from 50.4 to 49.9. While the decline was modest, it marked a notable loss of momentum from March's 52.8 reading and left the index well below its long-term average of 52.5.

EUR/JPY Price Forecast: Holds gains near 185.50 as bullish bias prevails.EUR/JPY Price Forecast: Holds gains near 185.50 as bullish bias prevails

ECB Review: A Robust Hike, One More to Come.For the first time since September 2023, the ECB hiked its policy rates by 25bp, bringing the deposit rate to 2.25%. The decision was motivated by the war in the Middle East “generating inflation pressures” highlighting that “the decision to raise rates is robust across a range of scenarios mapping out how the shock might evolve and affect the medium-term outlook for the euro area.

RBA and Inflation View: June Hold Affirmed, Increases Still Ahead.While markets are increasingly pricing a faster resolution, our base case for the reopening of the Strait of Hormuz and Gulf oil supply normalisation remains broadly unchanged. We continue to assume shipping rises to around 10% of normal levels by end-June, with full normalisation not occurring until mid-2027.

Cliff Notes: Stuck in the Moment.Our latest Westpac-MI Consumer Sentiment Survey proves the tense backdrop of elevated inflation, restrictive interest rates and heightened economic and political uncertainty is weighing heavily on the consumer mood. The headline index fell 2.9% to 80.6 in May, leaving sentiment stuck near pandemic-era lows.

USDJPY Wave Analysis – 11 June 2026.USDJPY currency pair recently reversed down from the strong resistance level 160.50 (which has been reversing the price from the end of March).

New Zealand Dollar slides closer to 0.5800 as Iran risks lift USD and counter hawkish RBNZ.New Zealand Dollar slides closer to 0.5800 as Iran risks lift USD and counter hawkish RBNZ

Australian Dollar edges lower below 0.7050 as US PPI lifts US Dollar.Australian Dollar edges lower below 0.7050 as US PPI lifts US Dollar

Canadian Dollar weakens despite easing risk aversion.Canadian Dollar weakens despite easing risk aversion

Japan's Katayama: No impact expected on policy meeting after BoJ's Ueda hospitalized.Japan's Katayama: No impact expected on policy meeting after BoJ's Ueda hospitalized

British Pound eases from weekly high vs USD as Iran risks and UK data looms.British Pound eases from weekly high vs USD as Iran risks and UK data looms

Japanese Yen softens as hot US PPI boost US Dollar.Japanese Yen softens as hot US PPI boost US Dollar

Dollar steadies on ceasefire prospects, PPI eases pressure on Fed.The dollar found its footing in early trading on Friday, after sliding to its weakest in a week as traders parsed reports that a ceasefire deal in the Middle ​East could be imminent.

Euro strengthens as ECB hikes interest rates for first time since 2023.Euro strengthens as ECB hikes interest rates for first time since 2023

US, Canada delay Gordie Howe bridge opening after Trump objects.The delay is unlikely to move broad markets but adds to a pattern of Trump-era trade friction with Canada, alongside tariff hikes and threats not to renew the trade deal with Mexico and Canada. For cross-border freight and logistics operators, a further postponement of capacity relief on the busiest US-Canada freight corridor extends existing bottleneck costs, though officials frame the delay as a matter of weeks rather than a structural setback.

GBP/JPY Price Forecast: Consolidates as intervention woes cap upside.GBP/JPY Price Forecast: Consolidates as intervention woes cap upside

NZ manufacturing PMI dips to 49.9 as Mideast conflict bites. Fuel costs, demand weigh..The dip below the 50 threshold adds to a run of soft New Zealand data, though the modest scale of the contraction and BNZ's expectation of a pickup later in the year limit the immediate read-through for RBNZ policy. The split between struggling micro-firms and resilient large firms also points to an uneven recovery rather than broad-based weakness.

New Zealand Business NZ PMI down to 49.9 in May from previous 50.5.New Zealand Business NZ PMI down to 49.9 in May from previous 50.5

Japanese Yen Outlook: Middle East Peace Hopes Sink USD/JPY, Lift AUD/JPY.Middle East peace hopes sparked a broad risk-on rally across financial markets, lifting equities and metals while weighing on the US dollar. The shift in sentiment pushed USD/JPY below the key 160 level and helped AUD/JPY rebound from support, although both moves remain highly dependent on whether a formal peace agreement ultimately materialises.

British Pound Sterling banks a peace rally as the bills come due.British Pound Sterling banks a peace rally as the bills come due

investingLive Americas FX news wrap: Another day, another 'deal soon'. This time for sure?.Risk sentiment surged on Thursday after Trump cancelled planned strikes on Iran, citing a near-complete deal with Tehran and a possible signing in Europe this weekend. Equities rallied hard, led by cyclicals and tech, while energy was the lone sector in the red.

Crude Oil Price Forecast: Bearish Breakdown of Symmetric Triangle Continues.Crude oil breaks below a symmetrical triangle and key moving averages, signaling emerging downside risk as multiple support zones and Fibonacci levels come into play.

TRADING DAY Peace beckons ... again.Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S. President Donald Trump canceled planned strikes on Iran and said a peace deal could be signed as soon as this weekend.

Natural Gas Price Forecast: Key Support Break Fuels Bearish Shift.Natural gas breaks below key support and a double top neckline, signaling early bearish structure development as moving averages and trend support begin to fail.

Japanese Yen gets a rescue Tokyo did not pay for.Japanese Yen gets a rescue Tokyo did not pay for