PBOC Dep. Governor Yifei: China must promote pension investment to bolster capital market

Anil Panchal FXStreet

Reuters came out with the comments from Fan Yifei, vice governor of the People's Bank of China while quoting the Shanghai Securities News. The policymaker supporting opening up for Beijing’s financial markets while pushing for more investment into pension funds.

Key quotes

China pension system can help develop direct financing

Would support the country's ‘deleveraging’ campaign, if long-term pension funds are matched with companies' equity financing and long-term bonds.

China could further open up its financial markets by allowing more foreign financial institutions to participate in its pension investment management

FX implications

Despite being not top-tier news, also having a little impact, signals to witness further liquidity in the financial markets of its largest customer can benefit Australia. The gains, however, seem to have limited by the press time of early Monday when the AUD/USD pair slips back to the sub-0.6900 mark.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

USD/JPY keeps range above 160.00 after BoJ's rate hike

USD/JPY holds losses and maintains its range above 160.00 on Tuesday, following the release of the Bank of Japan monetary policy decision. The BoJ hiked the key rate by 25 bps to 1% as widely, providing little to no impetus to the Japanese Yen. The focus is now on the BoJ' Uchida's press conference.

AUD/USD turns south toward 0.7050, with all eyes on RBA verdict

AUID/USD has come under renewed selling pressure and nears 0.7050 in Asia on Tuesday. Traders prefer to stay on the sidelines ahead of the Reserve Bank of Australia (RBA) monetary policy decision before placing fresh bets. Meanwhile, the mixed Chinese activity data failed to inspire the Aussie bulls amid fading US-Iran deal optimism.

$4,400: Gold sellers set to retain control whilst below this level; focus shifts to Fed

Gold holds a pullback from six-day highs of $4,369 as buyers take a breather early Tuesday. The US Dollar looks to fill Monday’s bearish opening gap as markets temper Iran deal optimism. Technically, Gold remains exposed to downside risks whilst below the 21-day SMA near $4,400.

Bitcoin weighs BOJ rate hike to 1%, Uniswap and LayerZero sustain

Bitcoin is holding above $65,000 at press time on Tuesday as the Bank of Japan (BOJ) raises its interest rate to 1%, shifting focus away from the US-Iran peace agreement. Uniswap (UNI) and LayerZero edge lower on Tuesday but outpace the broader market over the last 24 hours as the retail sentiment recovers.

Kevin Warsh opens first Fed meeting June 16 with rate hold expected

Kevin Warsh was confirmed by the Senate in a 54-45 vote and sworn in as Federal Reserve Chair on 22 May 2026. The ceremony took place at the White House, with Supreme Court Justice Clarence Thomas administering the oath. The FOMC meeting on 16 and 17 June is his first as chair. The June meeting is also a quarterly projection meeting.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.