“Upon reports that Iran will delay the nuclear issue,” the dollar/yen fell to 159.08.

【4/27Market Overview

Tokyo time, against the backdrop of the cancellation of weekend peace talks between the United States and Iran, the price of crude oil futures rose and the dollar/yen briefly reached159.59yen, but following reports that “Iran presented an agreement proposal conditioned on reopening the Strait and delaying the nuclear talks,” it fell to159.15yen. In European trading, reports that “Iran, while postponing the nuclear issue, would conditionally agree to end hostilities if the United States lifts sanctions on ships entering and exiting Iran’s ports in the Strait of Hormuz,” caused the dollar/yen to fall to159.08yen.NYtime, with persistent uncertainty over U.S.-Iran negotiations, crude oil futures prices rebounding and U.S. 10-year Treasury yields rising, leading the dollar/yen to be bought back to159.46yen.

【4/28Market View