Bank of Japan Governor Ueda says Bank has limited room to support growth with rate cutsAustralian May 2025 Business confidence +2, prior -1China vice president Han Zheng says ready to work with EU re China-EU relationsPBOC sets USD/ CNY reference rate for today at 7.1840 (vs. estimate at 7.1853)More on Japanese Finance Minister Kato urging a variety of investors buy and own JGBsAustralian Westpac Consumer Confidence for June 2025 rises 0.5% m/m to 92.6Japan fin min Kato says will conduct fiscal policy appropriatelyGoldman Sachs like US equities but note it's a soft data vs. hard data battleUS CPI data due Wednesday, core expected just under 3% y/yUK retail spending slows sharply in May as cost pressures weigh on householdsJapan's LDP floats universal cash handouts to ease cost-of-living pressuresUpdate: US - China trade talks will continue on Tuesday in LondonNZ Fin Min Willis wants to end the 3 month RBNZ summer holiday from policy meetingsICYMI: Citi also forecasts Fed interest rates higher for longer, see Sept cut (from July)Deutsche Bank warns of a higher for longer Fed rates, a growing risk to US borrowersHeads up - sixth round of nuclear talks between the US and Iran Friday or SundayMorgan Stanley holds the line on Tesla, sees long-term upside despite political volatilityForexlive Americas FX news wrap 9 Jun: The USD moves modestly lower. Crude higher.US major indices close with modest changesECB's Holzmann says rate cut pause could last a while, data dependentTrade ideas thread - Tuesday, 10 June, insightful charts, technical analysis, ideasTheUSD gained ground on the session here with not a lot of fresh newsnor data. What we did see included:Fromthe UK we had very weak retail sales, up 1% in May, the slowest rate of growth in 6 months, vs. +7% the monthbefore,FromAustralia we had a weak business survey (National Australia Bank’sfor May 2025) showing business conditions falling to a 4.5 year lowand a lacklustre pick up for business confidence,FromBank of Japan Governor Ueda we had him once again saying he’d hikerates if inflation rises. However this headline misses what weretroubling remarks from Ueda, reiterating that realrates remain negative as underlying inflation isstill laggingunderthe Bank’s2% target.Meanwhile,Japanese Finance Minister Kato sounded a little desperate, urgingdomestic investors buy, and hold, Japanese Government Bonds.Moreon all these in the points above.Sohow did GBP, AUD and JPY all respond to this incoming information?All fell against the USD. As did the kiwi $, CHF, CAD. It was asession of broad US dollar strength. Furtherconfounding the moves, local stocks rose, as did US equity indexfutures on Globex. The lack of bad news out of US-China trade talks,that’ll continue on Tuesday London time, was cited in narrative. Bitcointraded above US$110K. This article was written by Eamonn Sheridan at www.forexlive.com.