Asian stocks momentum slowing as investors assess sustainability of US-Iran deal. BOJ raised rates by 25bp to 1%, highest since 1995, as expected. Market reaction muted: yen paring gains, bonds extending losses. Key focus is press conference tone for how much hawkishness to expect. China data disappointing: retail sales -0.6% YoY for May, first contraction since COVID, missing estimates. Shows domestic demand remains very weak, growth still driven by exports and trade.

BOJ also mentioned keeping monthly bond purchase steady from April 2027. Nikkei briefly hit 70,000 for first time. Youth jobless rate elevated at about 16%, home prices resumed decline pace, negative wealth effect hurting sentiment.