"Market Volatility: China Soars, Japan Slides, Yen Near Intervention Zone"

Chinese shares surged on positive economic data, while Japanese stocks fell amid concerns about currency intervention as the yen remained near a key level. U.S. stock futures pointed higher on expectations of a June interest rate cut following easing inflation pressures. Gold hit a record high, and oil prices rose amid a tighter supply-demand picture. The dollar was steady against the yen, and global markets showed optimism despite some concerns about intervention and profit-taking.