The foreign exchange market is exhibiting more stability today compared to Monday and Tuesday, with the dollar displaying a mixed performance. The yen, which experienced a rally yesterday, has relinquished most of its gains. Wage data has caused the market to reassess expectations for next week's Bank of Japan (BOJ) meeting.
Meanwhile, US index futures are showing strength. Gold is consolidating within a range of approximately $2326-$2342, remaining within yesterday's trading band. July WTI crude oil has stabilized after dropping to a four-month low just below $72.50 yesterday, maintaining steady levels today without surpassing $73.55.

Asia-Pacific Markets
Japan's labor cash earnings increased by 2.1% year-over-year in April, exceeding the expected 1.8%, and the March figure was revised upward to 1.0% from 0.6%.
A decline in US yields led to the dollar hitting its lowest level against the yen in nearly three weeks yesterday. However, the dollar has rebounded today, moving back above the trend line.
In Australia, first-quarter growth was reported at 0.1%, slightly below expectations, though Q4 2023 GDP was revised up to 0.3% from 0.2%.
The Australian dollar traded on both sides of Monday's range yesterday but ultimately settled within it.

European Markets
Ahead of tomorrow's ECB meeting, today's final PMI readings are not the main focus.
The UK's final composite PMI was lifted by an improved manufacturing PMI, reaching 53.0 (up from 52.8 in April).
The euro found support in the European and US mornings near $1.0860 but was unable to rise above $1.0885 in North America. Today, it remains confined within a particularly narrow range.
Sterling exhibited similar behavior, trading within a narrow range today as well.

American Markets
The US monthly jobs report is a key point of interest for the market, comparable to the CPI. Following yesterday's weaker-than-expected JOLTS report, today's focus is on the ADP employment estimate.