U.S. President Trump said he will release the text of the Iran agreement.

Intouch Asia FX head Kieran Williams said the Bank of Japan's rate rise was fully priced and markets are focused on accompanying measures. The BOJ's statement was broadly dovish: it plans to pause reducing JGB purchases from April 2027, a concession to the bond market that contradicts earlier warnings that core CPI could exceed 2%. Williams said the policy path now depends on developments in the Middle East and oil-price pass-through; a large yield differential with the US will likely keep the yen weak. In the medium-to-long term, this step is unlikely to relieve yen pressure, so intervention remains a real near-term risk. Deputy governor Uchida's press conference is a key variable; with Governor Ueda absent, markets will watch how he defines the timing and pace of the next hike.

巴克萊銀行：（關於石油）霍爾木茲海峽航行自由的恢復時間可能與我們的6月底基準預期大體一致。