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China Producer Price Index (YoY) below forecasts (-2.6%) in April: Actual (-2.7%)

China Consumer Price Index (YoY) meets forecasts (-0.1%) in April

China Consumer Price Index (MoM) up to 0.1% in April from previous -0.4%

The AUD/NZD pair edged higher on Friday, trading near the 1.0800 zone after the European session, reflecting a steady bullish tone as the market heads into the Asian session.

USD/JPY pair has pulled back toward 145.00 after failing to extend gains above a near one-month high of 146.20 earlier in the day.

The EUR/JPY pair eased slightly on Friday, trading near the 164.00 zone after the European session, reflecting a modest pullback from recent gains.

US President Donald Trump commented on Friday that he will maintain 10% universal tariffs on imports, even after trade agreements are reached with other countries. He added that there would be exemptions if their counterparts offered advantageous trading terms.

The Australian Dollar (AUD) remains under pressure as global trade uncertainties persist, particularly surrounding the US-China trade talks.

The Mexican Peso (MXN) registered modest gains versus the US Dollar (USD) on Friday as market participants turned cautious ahead of the US-China talks in Switzerland.

Eurozone CFTC EUR NC Net Positions: €75.7K vs previous €75.8K

Australia CFTC AUD NC Net Positions rose from previous $-49.9K to $-48.4K

United States CFTC S&P 500 NC Net Positions rose from previous $-78.7K to $-76.4K

United States CFTC Gold NC Net Positions: $162.5K vs previous $163.3K

United Kingdom CFTC GBP NC Net Positions rose from previous £24K to £29.2K

United States CFTC Oil NC Net Positions down to 175.4K from previous 177.2K

Japan CFTC JPY NC Net Positions dipped from previous ¥179.2K to ¥176.9K

Gold price climbed over 1% on Friday as the US Dollar (USD) retreated after posting two days of gains, weighed by lower US yields. A deterioration in risk appetite boosted Bullion prices, which are being underpinned by geopolitical concerns. At the time of writing, XAU/USD trades at $3,338.

The Canadian Dollar (CAD) flattened on Friday, sticking close to 1.3900 against the US Dollar (USD) as Loonie markets struggle to find a reason to move too far in either direction.

The USD/JPY pair remains a focal point in the foreign exchange market, fluctuating within a key technical zone as markets digest evolving economic and monetary policy expectations. 

The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, reverses sharply on Friday after hitting a near one-month high of 100.86 earlier in the day.