 Yen rises broadly today as major treasury yields are resuming recent decline. German 10-year yield hits new record low at -0.33 while US 10-year yield is back below 2.0 handle. Though, New Zealand Dollar is even stronger as record export in May solidifies the case for RBNZ to stand pat tomorrow. At this point, Canadian Dollar is the third strongest as WTI oil is back above 58. On the other hand, European majors are generally the weakest. Swiss Franc leads the was as it's paring recent rise, as imminent risk of war in middle east is averted. Nonetheless, fresh US sanctions on Iran are enough to push gold towards 1440 handle. Euro and Sterling also pare back some gains against Dollar as markets are awaiting comments from Fed chair Jerome Powell. Markets will be keen to know how close is Fed to rate cut. Release in early US session, Canada wholesales rose 1.7% mom in April, above expectation of 0.3% mom. US house price index rose 0.4% mom in April, above expectation of 0.2% mom. S&P Case-Shiller 20-cities house price rose 2.5% yoy in April, matched expectations. In Europe, FTSE is up 0.11%. DAX is down -0.03%. CAC is up 0.00%. German 10-year yield is down -0.0197 at -0.325. Earlier in Asia, Nikkei dropped -0.43%. Hong Kong HSI dropped -1.15%. China Shanghai SSE dropped -0.87%. Singapore Strait Times dropped -0.22%. Japan 10-year JGB yield rose 0.0009 to -0.15. | 
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