ForexLive Asia-Pacific FX news wrap: Yen weakened further

• China State Council’s new job plan includes more than a million new SEO internships
• Australian data: ANZ/Indeed Job Advertisements for April fell -0.3% m/m (prior +2.0%)
• Australian monthly CPI for April 0.2% m/m (prior 0.3%)
• There is no CNY reference rate setting from the PBOC today, China holiday most of the week
• Jibun Bank S&P Global Japan final April Manufacturing PMI 49.5 (prior 49.2)
• South Korean exports fell 14% y/y in April, but semiconductor exports collapsed 41%
• Federal Reserve FOMC meeting this week – Goldman Sachs preview: ‘Signaling a June Pause’
• Australian April final manufacturing PMI slips further into contraction
• Heads up for Asian market holidays today, Monday, 1 May 2023
• Heads up for China, European and UK holiday on Monday – markets closed
• Weekend data – China’s home sales rose for a third month in April
• RBA meet this week – preview – on hold again for the 2nd month in row, AUD vulnerable
• Berkshire vice chair Munger warns of ‘trouble’ for banks amid commercial real estate debt
• ICYMI – Fitch downgraded France to “AA-” down from from “AA”, Outlook stable
• ICYMI: China printed a miserable manufacturing PMI result for April, back into contraction
• Trade ideas thread – Monday, 1 May 2023
• Monday morning open levels – indicative forex prices – 01 May 2023
• Nasdaq futures technical analysis and price forecast: Key levels to watch (13500 target)
• PNC bank the frontrunner in First Republic auction – report
• Newsquawk week ahead May 1st-5th: FOMC, NFP, ISMs, ECB, RBA, EZ CPI, NZ jobs
• First Republic auction underway. Deal seen before markets reopen
• Time is up: FDIC prepares to place First Republic under receivership – report

JPY
crosses continued to rise during the session here following the Bank
of Japan policy decision announced on Friday. USD/JPY rose above
136.75 and EUR/JPY above 150.50.

The
data of note for the day came out over the weekend, China’s
manufacturing PMI unexpectedly fell in April, back into contraction
for the first time since December amid weak global demand.

• Japan
  April manufacturing PMI improved from March but remained in
  contraction.
• In Australia the April manufacturing PMI slipped further
  into contraction in April while the first indication of Q2 inflation
  dipped a little but remains high.
• South
  Korean trade intensity fell, with y/y falls for both exports and
  imports greater than expected.
  More on all these data points in the bullet point link above.

News
flow of impact was very light.

Apart
from yen crosses major FX rates traded in small ranges. It was a
holiday today in China, Singapore and Hong Kong. China’s Golden
Week holidays continue for much of the week. Japan’s Golden Week
holidays kick of on Wednesday.

Crypto
volatility continued, BTC/USD lost ground quickly to trade under
USD28,500.

There
have been (unconfirmed) reports of Russia firing more than 120
missiles into Ukraine, including in capital Kiev.