Dollar Rises as US–Iran Stalemate Lift Oil Prices, Euro Hit by Weak Outlook.Dollar and oil are rising together today as ceasefires extend—but conflict persists. Despite a three-week extension of the Israel–Hezbollah truce and the ongoing “indefinite” pause in US–Iran conflicts, markets are increasingly focused on what is still happening rather than what has been paused.

Japan's Core Inflation Rises to 1.8% in March, Core-Core Ticks Down.Japan's inflation firmed slightly in March, but underlying dynamics were mixed. Core CPI (ex-fresh food) rose from 1.6% to 1.8% , slightly above expectations but still below the BoJ's 2% target for a second straight month.

SNB's Schlegel says prolonged energy shock could lift inflation, hit growth.Swiss National Bank Chairman Martin Schlegel said the outlook for Switzerland's ‌economy hinges on how long conflict-driven energy price pressures persist, warning that prolonged high prices could fuel inflation and weigh on growth.

A fragile hold: Five questions for the ECB.The European Central Bank meets next Thursday, with an Iran war ceasefire easing the pressure on it for an immediate interest rate hike. But with the status of peace talks ​unclear and no sign of energy flows through the Strait of Hormuz resuming soon, traders still anticipate rate hikes later this year.

investingLive Asia-Pacific FX news wrap. Trump: 3-week Israel-Lebanon ceasefire extension.Markets closed out the week with a cautious tone, with Asia-Pacific bourses mostly in the red as they caught up to Thursday's Wall Street selloff, driven by risk-off flows following reports that Israel is on high alert for a possible renewed flare-up this weekend. The Nikkei 225 was a notable exception, outperforming on the back of tech sector strength.

EUR/JPY Price Forecast: Holds above 186.50 to test nine-day EMA barrier.EUR/JPY Price Forecast: Holds above 186.50 to test nine-day EMA barrier

Fitch says no immediate downgrade if Indonesia's deficit tops 3% due to Iran war impact.Indonesia has room to breach its legal fiscal ‌deficit ceiling of 3% of GDP without triggering an immediate ratings downgrade, as long as it is only a temporary response to economic disruptions caused by the war in the Middle East, a director with Fitch Ratings said on Thursday.

Rupee faces more pressure on rising Mideast tensions; oil at 2-week high.The Indian rupee is set to extend its losing streak at Friday's open, weighed down by a persistent rally in oil ​prices that has put the currency back under pressure ‌after a brief respite.

Cliff Notes: Middle East Conflict Seemingly at an Impasse.Regarding the Middle East conflict, the week began with the expectation of a second round of in-person talks between the US and Iran. The start of the negotiations was initially pushed from Tuesday to Wednesday; but President Trump then announced on Truth Social that the meeting had been postponed at the request of Pakistani and Iranian officials to allow time for a “unified proposal” to be developed to be put to the US.

USD/JPY Edges Up, Can It Sustain Gradual Upside Trend?.Looking at the 4-hour chart, the pair settled above the 159.00 level, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). Besides, the pair cleared a key bearish trend line with resistance at 159.35.

Asia shares mixed, oil advances on US-Iran deadlock.Asia shares struggled on Friday and oil prices resumed their rise, as a shaky ceasefire in the Middle East war and stalled ​U.S.-Iran peace talks gave investors little to cheer.

USD/JPY: Japanese yen forecast as inflation jumps amid the Iran war.The Japanese yen continued softening against the US dollar as energy prices jumped and after the country's publication of its inflation report. The USD/JPY exchange rate rose to 159.7, a few points below the year-to-date high of 160.43.

Canadian Dollar steadies as US Dollar firms on safe-haven demand.Canadian Dollar steadies as US Dollar firms on safe-haven demand

Japanese Yen hangs near two-week low vs USD as Japan's National CPI fails to impress bulls.Japanese Yen hangs near two-week low vs USD as Japan's National CPI fails to impress bulls

WTI trades near 95.50 after trimming latest losses.WTI trades near 95.50 after trimming latest losses

Pound Sterling steadies above two-week low vs USD; bulls seem hesitant amid Iran tensions.Pound Sterling steadies above two-week low vs USD; bulls seem hesitant amid Iran tensions

Dollar set for weekly gain on stalled US-Iran talks and Middle East uncertainty.The dollar was ​on track for its first weekly gain in three weeks on Friday, as stalled peace negotiations between the ‌U.S. and Iran dampened hopes for an immediate easing of Middle East tensions.

Japan's Katayama: Warns of decisive action on speculation.Japan's Katayama: Warns of decisive action on speculation

RBI a net buyer of US dollars in February.The Reserve Bank of India became a net buyer of $7.4 billion in February, a shift from January's net sales. This likely benefited from a stronger rupee after the India-US trade deal announcement.

Japan core inflation holds at 1.8% but energy shock threatens renewed surge.Japan core CPI rose 1.8% y/y in March, matching forecasts but staying below BOJ's 2% target for a second month. Iran war energy shock seen pushing inflation higher in coming months.

Australian Dollar softens on escalating Middle East tensions.Australian Dollar softens on escalating Middle East tensions

Japan FinMin Katayama warns of decisive action on speculation.Japan FinMin Katayama warns of rising oil price speculation and vows decisive action in coordination with the US. Currency swap lines with Washington remain unchanged.

Yuan to top Yen in currency options trading: LCH.The yuan is poised to surpass the yen as the second-most traded currency against the dollar in foreign-exchange options, according to LCH. This shift, expected by 2028, reflects growing yuan internationalization and market demand for currency diversification beyond the dollar.

Rupee breaches 94/$ for first time in April.The Indian Rupee fell for the fourth consecutive day on Thursday. This decline followed the Reserve Bank of India's decision to remove restrictions on foreign exchange trading.

Bank of Japan inflation gauge surges. Services PPI 3.1% vs..The Corporate Service Price Index (CSPI) released by the Bank of Japan measures the prices of services traded among companies. It presents price developments that reflect most sensitively the supply and demand conditions in the services market.

Japan Corporate Service Price Index (YoY) rose from previous 2.7% to 3.1% in March.Japan Corporate Service Price Index (YoY) rose from previous 2.7% to 3.1% in March

US eyes targeting Iran's Hormuz defenses if no ceasefire — CNN.US eyes targeting Iran's Hormuz defenses if no ceasefire — CNN

Japan National CPI ex Food, Energy (YoY) fell from previous 2.5% to 2.4% in March.Japan National CPI ex Food, Energy (YoY) fell from previous 2.5% to 2.4% in March

Japan national March 2026 Core CPI 1.8% y/y (vs. expected 1.8%, prior 1.6%).Japan inflation data for Match 2026. I'll post separately on details and BOJ/yen implications.

United Kingdom GfK Consumer Confidence came in at -25 below forecasts (-24) in April.United Kingdom GfK Consumer Confidence came in at -25 below forecasts (-24) in April