On Friday the yen probed the 160 level, prompting strong warnings from Japanese officials, while the dollar held steady ahead of key US employment data. Middle East tensions supported safe-haven demand. ANZ Asia head of research said: "Ahead of the US nonfarm payrolls report, markets are unlikely to over-test the Bank of Japan." Despite intervention risk, investors have built the largest yen short positions since July 2024.

IAEA said on June 5 it brokered a temporary local ceasefire between Ukraine and Russia — the sixth since late last year — to permit repairs to transmission lines supplying the Zaporizhzhia nuclear plant. The truce took effect today near the plant; after large-scale demining in the coming days technicians will begin restoring the war-damaged Dnieperovskaya 750 kV high-voltage transmission line, the agency said. The operation aims to secure critical power supply and prevent the threat of a nuclear accident.

India exempts foreign institutional investors from capital gains tax on the sale, exchange or transfer of government securities.