NZ BNZ Manufacturing Falls to 53.2, Slower Expansion as War Concerns Weigh on Sentiment.New Zealand's BusinessNZ Performance of Manufacturing Index eased from 54.8 to 53.2 in March, signaling that manufacturing activity remains in expansion but at a slower pace. The details showed some loss of momentum, with production falling from 56.3 to 53.8 and new orders easing from 57.2 to 55.8, while deliveries slipped to the neutral 50.0 level.

USD/JPY Pressures Resistance, US CPI May Drive Next Surge.The US Dollar found support at 157.85 and started a fresh increase against the Japanese Yen. USD/JPY traded above 158.40 to enter a positive zone.

Cliff Notes: Ceasefire Optimism to be Tested.Ahead of the worst of the current conflict, the ABS' household spending indicator gained 0.3% in February, in line with January's result and the trend pace of the past two years. Services continued to drive growth overall, aided in particular by holiday-related spending.

China inflation turns but signals “bad inflation” as energy costs rise and demand lags.China's March inflation data confirms a key turning point in its price cycle, with factory-gate prices returning to growth for the first time in over three years, even as consumer inflation remains subdued, underscoring the uneven nature of the current inflation impulse.

Pound Sterling slips as renewed risk aversion lifts US Dollar.Pound Sterling slips as renewed risk aversion lifts US Dollar

AUD/JPY flat lines above 112.50, highest since March 18 after Chinese inflation data.AUD/JPY flat lines above 112.50, highest since March 18 after Chinese inflation data

Australian Dollar holds losses following China CPI data.Australian Dollar holds losses following China CPI data

Japan rules out major domestic risks from private credit for now.Japanese Finance Minister Satsuki Katayama said on Friday private credit does not ​pose a major issue domestically at present but noted ‌risks linked to the $2 trillion industry could be discussed at next week's G7 finance meeting.

BoJ's Himino: Don't think Japan's economy is in stagflation..BoJ's Himino: Don't think Japan's economy is in stagflation.

China March 2026 CPI 1.0% y/y (expected 1.2%) PPI 0.5% y/y (expected 0.4%).China inflation. I'll have more to come on this separately, detail, analysis etc.

Dollar set for weekly drop ahead of US-Iran peace talks.The dollar on Friday was heading for its largest weekly drop since January as other currencies gained on optimism that a ceasefire in the Gulf will hold and oil shipping will resume.

South Korea BoK Interest Rate Decision in line with forecasts (2.5%).South Korea BoK Interest Rate Decision in line with forecasts (2.5%)

ADB warns Asia growth to slow sharply if Middle East disruptions persist.Developing Asia and the Pacific faces a meaningful slowdown in growth alongside a renewed inflation surge if disruptions linked to the Middle East conflict persist, according to the Asian Development Bank.

Banks rush to exit overseas forex bets ahead of RBI deadline.Indian banks have largely exited their net open foreign exchange positions ahead of a regulatory deadline, reducing aggregate positions from $40 billion to an estimated $4-7 billion. This move, aimed at complying with central bank curbs, is expected to see the rupee trade in the 93/$ to 94.50/$ range with a depreciating bias.

Japan plans to release 20-days worth of oil stock from early May onwards.Japan plans to release 20-days worth of oil stock from early May onwards

Japan's Katayama signals no urgency on oil risks, backs G7 stance on conflict.Japan's Finance Minister Satsuki Katayama delivered a wide-ranging set of remarks that collectively point to a cautious but steady policy stance, even as global risks tied to the Iran conflict continue to build.

Japan Producer Price Index (MoM) below expectations (0.9%) in March: Actual (0.8%).Japan Producer Price Index (MoM) below expectations (0.9%) in March: Actual (0.8%)

Japan Producer Price Index (YoY) registered at 2.6% above expectations (2.4%) in March.Japan Producer Price Index (YoY) registered at 2.6% above expectations (2.4%) in March

Japan Bank Lending (YoY) came in at 4.8%, above expectations (4.4%) in March.Japan Bank Lending (YoY) came in at 4.8%, above expectations (4.4%) in March

US President Donald Trump: Iran's handling of oil through Strait of Hormuz is not agreement we have.US President Donald Trump: Iran's handling of oil through Strait of Hormuz is not agreement we have

Colombia Consumer Price Index (YoY) came in at 5.56%, above expectations (5.47%) in March.Colombia Consumer Price Index (YoY) came in at 5.56%, above expectations (5.47%) in March

Colombia Consumer Price Index (MoM) registered at 0.78% above expectations (0.69%) in March.Colombia Consumer Price Index (MoM) registered at 0.78% above expectations (0.69%) in March

NZ PMI stays in expansion but confidence drops sharply as global risks build..New Zealand's manufacturing sector continued to expand in March, although momentum softened as rising global uncertainty, particularly linked to the Iran conflict, began to weigh on business confidence.

New Zealand Business NZ PMI dipped from previous 55 to 53.2 in March.New Zealand Business NZ PMI dipped from previous 55 to 53.2 in March

USD/JPY Price Forecast: Head-and-shoulders signals downside risk.USD/JPY Price Forecast: Head-and-shoulders signals downside risk

IMF warns Iran war fuels inflation surge and global growth slowdown.The IMF warns the Iran war is triggering a stagflation shock, with rising inflation and weaker growth, uneven global impacts, and limited policy room to respond.

Economic and event calendar in Asia 10 April 2026. Chinese inflation, huge news expected!.While the data is not really the focus there is some big news expected from Chinese wholesale inflation data for March. China's prolonged battle with deflation may be nearing a turning point, with early signs suggesting a return to positive price growth across key indicators.

Indonesia: Index review focus and fiscal strain – DBS.Indonesia: Index review focus and fiscal strain – DBS

CNY: Safe-haven role and CGB demand – BNY.CNY: Safe-haven role and CGB demand – BNY

Argentina Industrial Output n.s.a (YoY) declined to -8.7% in February from previous -3.2%.Argentina Industrial Output n.s.a (YoY) declined to -8.7% in February from previous -3.2%