Singapore Manufacturing PMI climbed from previous 50.7 to 51 in May

Jun 2, 2026

US Dollar: Fed transition and Middle East risks keep ranges intact – DBS

DBS Group Research’s Philip Wee argues that FX Majors remain range-bound as markets digest shifting narratives around Middle East tensions and the upcoming Fed leadership transition.

Japanese Yen: Intervention risk seen underpriced against US Dollar – ING

ING’s Francesco Pesole warns that USD/JPY short-dated implied volatility is not reflecting renewed intervention risk as the pair retests 160.0. Markets seem to expect the Bank of Japan’s June meeting to help cap the pair.