⚠️ US Treasury Secretary Scott Bessant said the US would raise tariffs on countries that do not negotiate with Washington;

📊 The latest data on the harmonized index of consumer prices from Eurostat confirmed that headline inflation in the eurozone remained unchanged at 2.2% in April;

📣 Bank of Japan Deputy Governor Uchida said the central bank may continue to raise interest rates;

🇪🇺🇬🇧 The European Union (EU) and the UK have reached a preliminary agreement on several issues, including security, energy, trade, tourism and fisheries;

🏛 The Reserve Bank of Australia decided to cut its key interest rate by 25 basis points, from 4.1% to 3.85%, following today's meeting.

#euraud

EUR/AUD H1 Sell 1.7535
SL 1.7580
TP 1.7420

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📊📊📊📊📊

#usdjpy

🇺🇸🇯🇵 The USD/JPY pair is trading at 144.60.

📊 Japan's April inflation data will be released on Thursday. According to preliminary estimates, the national consumer price index excluding food prices will be adjusted from 3.2% to 3.4%, which may increase the likelihood of further tightening of Japanese monetary policy.

📰 In addition, market participants will be watching the visit of Japanese Economy Minister Akazawa to the United States, which is scheduled for May 24. The parties are expected to discuss the possibility of revising a number of current restrictive measures, including tariffs on cars. If the parties fail to reach a compromise, the Japanese yen may receive additional support as a safe haven asset.

📉 Given this, the USD/JPY pair retains potential for decline.

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#audnzd

AUD/NZD H1 Buy 1.0842
SL 1.0823
TP 1.0880

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#ltcusd

LTC/USD H1 Buy 93.30
SL 90.70
TP 98.50

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⚠️ CNN reported that U.S. intelligence suggests Israel is preparing for possible strikes on Iranian nuclear facilities;

📣 Bank of England Chief Economist Hugh Pill urged caution on interest rate cuts;

🛢 According to the American Petroleum Institute (API), U.S. oil inventories rose by 2.49 million barrels last week against a forecast of a decline of 1.85 million barrels;

🇬🇧 Data released by the U.K. Office for National Statistics on Wednesday showed that the inflation rate rose at an annualized rate of 3.5% in April, up from a 2.6% increase in March;

🇨🇦 Canada's consumer price index fell to an annualized rate of 1.7% in April from 2.3%.

📊📊📊📊📊

#eurusd

🇪🇺🇺🇸 The EUR/USD pair is trading at the level of 1.1345.

📰 The euro is supported by the weakness of the US currency, which is under pressure from US President Donald Trump's aggressive protectionist policies and the White House administration's sweeping tax cut plans. Trump's tax reform is expected to increase the national debt by $3 trillion to $5 trillion over the next decade.

📊 In addition, market participants are analyzing April statistics on inflation in the EU. Thus, the basic harmonized index of consumer prices in the eurozone remained at the same level of 2.2%. Given that the disinflation process in the eurozone has stalled, the European Central Bank may slow down the pace of easing the national monetary policy, which will reduce the pressure on the euro.

📈 Given the above, EUR/USD retains upside potential.

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