Published: 2024-01-29T05:28:43.000Z
USD/JPY flows: Middle East Tension Heightens
FX Analyst
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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