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Published: 2024-01-29T05:28:43.000Z

USD/JPY flows: Middle East Tension Heightens

byCephas Kin Long Yung

FX Analyst
-

An attack in northeastern Jordan near the Syrian border leaving three US service members dead 

Reports that US military preparing to retaliate against drone attack in Jordan

 

Over the weekend, it is reported that three U.S. soldiers are killed in Jordan from a drone attack launched by Iran-backed militias. The U.S. is reported to planning retaliatory military action and would escalate the tension in the Middle East. Oil and Gold jumped higher at open but oil has retraced most gains and is trying to close the gap. U.S. Treasury Yields are lower across the curve while JGB yields are higher.

USD/JPY is trading 0.06% lower at 148.05

 

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Topics
Foreign Exchange
FX DM
Flows
USD/JPY-Commentary

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