Forexlive Asia-pacific FX news wrap 25 Jun - Equity futures attempts marginal bounce

Following yesterday's move lower, US equity futures have attempted to put in a marginal bounce of their lows from yesterday. Traders will have to wait for the US cash open with eyes on Nvidia to see whether that will be sustained.Forex has traded fairly mixed today with the JPY leading while the USD the laggard, and overall price action showing more noise than signal on the risk sentiment side.Commodities are mixed as well with mostly marginal moves across energy and base metals, while gold has come under a bit of pressure.It's worth noting that this week is month-end, quarter-end and half-year end, which means price will be susceptible to distortions from possible rebalancing flows. Which means be careful of any strange flows you see as it might not be driven by any specific catalysts.Good luck out there.USD remains on the backfoot while JPY leads the majorsChina Premier Li says confident and capable to achieve growth target of around 5%Goldman expects USD upside under a Republican victoryJapan chief cabinet sec doesn't comment on FX levelsPBoC injects 300 billion yuan via 7-day reverse reposeUSDCNH pops higher after weakest PBoC mid-point fix since Nov 2023PBOC sets USD/ CNY reference rate for today at 7.1225 (vs. estimate at 7.2587)BofA expects a Dec rate cut from FedAustralia consumer sentiment 1.7 vs -0.3 priorPBOC is expected to set the USD/CNY reference rate at 7.2587Japan to revise GDP (Jan-Mar) due to corrected construction orders dataBiden admin to investigate China Telecom, China Mobile and Chin UnicomJapan Services PPI 2.5 vs 2.8 priorToday's economic calendarDownside potential in play for GBPNOK?Interesting strength for EUR at the start of the weekThe cover model for AI took a bit of a breakEUR strongest and USD the weakest getting closer to Asia-Pac This article was written by Arno V Venter at www.forexlive.com.