{"id":432826,"date":"2026-06-29T10:35:02","date_gmt":"2026-06-29T03:35:02","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-asia-pacific-fx-news-wrap-fire-exchanged-paused-before-sunday-market-open-432826\/"},"modified":"2026-06-29T10:35:02","modified_gmt":"2026-06-29T03:35:02","slug":"investinglive-asia-pacific-fx-news-wrap-fire-exchanged-paused-before-sunday-market-open","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-asia-pacific-fx-news-wrap-fire-exchanged-paused-before-sunday-market-open-432826\/","title":{"rendered":"investingLive Asia-Pacific FX news wrap: Fire exchanged, paused before Sunday market open"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/japan-blueprint-aims-to-double-real-economic-growth-to-1-20260629\/\">Japan blueprint aims to double real economic growth &#8230; to 1%<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/china-blacklists-20-japanese-entities-in-dual-use-export-crackdown-20260629\/\">China blacklists 20 Japanese entities in dual-use export crackdown<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/preview-goldman-sees-130k-june-payrolls-with-world-cup-adding-40k-boost-to-print-20260629\/\">Preview &#8211; Goldman sees 130k June payrolls with World Cup adding 40k boost to print<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/south-korea-to-unveil-650-billion-ai-and-chip-mega-plan-under-president-lee-20260629\/\">South Korea to unveil $650 billion AI and chip mega-plan under President Lee<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/pboc-sets-usd-cny-reference-rate-for-today-at-68175-vs-estimate-at-68041-20260629\/\">PBOC sets USD\/ CNY reference rate for today at 6.8175 (vs. estimate at 6.8041)<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/japan-retail-sales-surge-53-in-may-on-wages-and-subsidies-smashing-forecasts-20260629\/\">Japan retail sales surge 5.3% in May on wages and subsidies, smashing forecasts<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stock-market-update\/ai-buildout-echoes-dot-com-and-railway-manias-bis-warns-on-bust-risk-and-recession-threat-20260629\/\">AI buildout echoes dot-com and railway manias, BIS warns on bust risk and recession threat<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/rbas-kent-says-monetary-policy-board-may-have-less-tolerance-for-inflation-but-20260628\/\">RBA&#8217;s Kent says monetary policy board may have less tolerance for inflation (&#8216;but&#8217; &#8230;)<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/gold-demand-set-to-climb-as-29-trillion-in-sovereign-capital-rethinks-dollar-reliance-20260628\/\">Gold demand set to climb as $29 trillion in sovereign capital rethinks dollar reliance<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/china-industrial-profits-rise-21-in-may-but-growth-slows-as-domestic-demand-lags-20260628\/\">China industrial profits rise 21% in May but growth slows as domestic demand lags<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/bolivia-abandons-15-year-dollar-peg-boliviano-set-for-30-free-float-plunge-20260628\/\">Bolivia abandons 15-year dollar peg. Boliviano set for 30% free float plunge.<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/futures-trade-has-begun-for-the-new-week-oil-up-1-20260628\/\">Futures trade has begun for the new week, oil up $1<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/highlights-include-us-nfp-us-ism-mfg-pmi-ez-flash-cpi-and-swiss-cpi-20260628\/\">Highlights include: US NFP, US ISM Mfg PMI, EZ Flash CPI, and Swiss CPI<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/weekend-hawkish-ecb-board-member-calls-for-further-rate-hikes-despite-hormuz-relief-20260628\/\">Weekend &#8211; Hawkish ECB board member calls for further rate hikes despite Hormuz relief<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/us-and-iran-halt-strikes-again-with-hormuz-talks-set-for-tuesday-in-qatar-20260628\/\">US and Iran halt strikes again with Hormuz talks set for Tuesday in Qatar<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/iran-us-trade-strikes-gulf-ceasefire-unravels-over-weekend-will-probably-ravel-soon-20260628\/\">Iran, US trade strikes. Gulf ceasefire unravels over weekend. Will probably ravel soon.<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/monday-morning-early-indications-fx-moves-us-strikes-on-hormuz-again-over-the-weekend-20260628\/\">Monday morning early indications FX moves: US strikes on Hormuz again over the weekend<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/Cryptocurrency\/bitcoin-analysis-over-the-weekend-28-june-2026-20260628\/\">Bitcoin analysis over the weekend, 28 June 2026<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/two-revealing-macro-quotes-from-the-fedex-earnings-call-20260627\/\">Two revealing macro quotes from the FedEx earnings call<\/a><\/li>\n<\/ul>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Summary:<\/p>\n<ul class=\"[li_&amp;]:mb-0 [li_&amp;]:mt-1 [li_&amp;]:gap-1 [&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3\">\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Iran launched missiles and drones at US military sites in Kuwait and Bahrain over the weekend; the US struck back, but both sides agreed Sunday to halt hostilities and return to talks in Qatar, coming on Tuesday, over the Strait of Hormuz dispute<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Strait of Hormuz vessel transits fell to 48 over June 26-28, down from 70 on Wednesday, underscoring the fragility of the ceasefire and the pace of shipping recovery<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Analysts warn it could take the remainder of the year before Persian Gulf oil supply approaches pre-conflict levels, with tanker backlogs, damaged infrastructure and production shut-ins constraining physical flows<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Oil prices rose at Monday&#8217;s open on the weekend strikes before gains were capped by the renewed ceasefire and talks announcement; gold eased as oil&#8217;s rise reduced safe-haven demand<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">A helicopter crash at Saudi Aramco&#8217;s Ras Tanura terminal killed 14 nationals on Sunday; loadings continued and the cause remained unknown<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">China&#8217;s PBOC debuted overnight reverse repo operations, offering 300 billion yuan to financial institutions without disclosing the borrowing rate, surprising traders awaiting guidance<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">China added 20 Japanese entities to its dual-use export control list, including the National Institute for Defense Studies and subsidiaries of Mitsubishi, Komatsu and Fujitsu, citing Japan&#8217;s remilitarisation and nuclear ambitions<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">South Korean shares fell more than 1% as chipmakers slumped on Friday&#8217;s US session losses; President Lee unveiled a $651 billion AI, semiconductor and robotics investment programme<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Japan&#8217;s May retail sales rose 5.3% year-on-year, the strongest since November 2023, beating all estimates; a draft economic blueprint targets above 1% real growth and above 3% nominal growth with $2.29 trillion in investment through 2040, while urging the BOJ to align policy with the government&#8217;s growth agenda<\/li>\n<\/ul>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Oil markets opened the week under a familiar cloud, with the US-Iran ceasefire once again the dominant price driver after a weekend of missile and drone exchanges gave way to a fresh agreement to stand down and return to talks, this time in Qatar and focused squarely on the mechanics of Strait of Hormuz passage.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">The relief rally in crude was real but contained. Analysts were quick to temper optimism about a swift supply recovery, noting that tanker backlogs, damaged infrastructure and production shut-ins mean physical flows from the Persian Gulf could remain constrained through the remainder of the year even if the diplomatic track holds. Strait traffic data reinforced the point: vessel transits through the strait fell to 48 over the June 26-28 period, down sharply from 70 on Wednesday before the latest round of strikes. Gold eased as oil&#8217;s move absorbed the risk premium. At Aramco&#8217;s Ras Tanura terminal, loadings continued despite a helicopter crash that killed 14 nationals on Sunday, with the cause unknown.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Elsewhere in the region, China moved on two fronts. The PBOC debuted overnight reverse repo operations, injecting 300 billion yuan without disclosing the borrowing rate in a move that wrong-footed traders expecting guidance on the new instrument&#8217;s pricing. Separately, Beijing added 20 Japanese entities to its dual-use export control list, including defence research and industrial names, citing Tokyo&#8217;s remilitarisation agenda.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">In equity markets, South Korean shares shed more than 1% as chipmakers tracked Friday&#8217;s US losses, even as President Lee unveiled a $651 billion AI and semiconductor investment programme. Japan offered a brighter domestic read: May retail sales surged 5.3% year-on-year, the strongest print since November 2023, while a draft economic blueprint laid out an ambitious 1%-plus real growth target and called on the BOJ to keep policy supportive of the government&#8217;s reflation drive.<\/p>\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Japan blueprint aims to double real economic growth &#8230; to 1% China blacklists 20 Japanese entities in dual-use export crackdown Preview &#8211; Goldman sees 130k June payrolls with World Cup adding 40k&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432826","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432826"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432826\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}