Trumps's suggestion of early termination of Iran attack by U.S. President Trump leads to a slight decline in USD/JPY for the first time in three days.
【3/9Market Overview
During Tokyo time, the dollar/yen pair rose as risk-off demand for dollars grew amid the ongoing tensions in the Middle East. When crude oil futures rose more than 30% in after-hours trading, the pair briefly climbed to30 percent increase, reaching a high of158.89 yen. However, reports that the G7 would discuss a joint release of emergency oil reserves caused oil prices to retreat, easing dollar-buying pressure and pushing the yen down to around the158.30 yen level. In European trading, the dollar/yen traded quietly around the mid-158s.NY time, after reports that President Trump hinted at an early end to the attack on Iran emerged, markets reacted with falling oil, rising stocks, and a weaker dollar. The dollar/yen briefly fell to around157.62 yen.
【3/10Market View