Published: 2025-06-23T01:13:50.000Z
USD/JPY flows: And it has begun

FX Analyst
5
U.S. strike Iran nuclear site over the weekend
After U.S.'s strike towards Iranian nuclear site, oil has opened significantly higher with equities opening lower. Wile partial opening gap has been filled, they are not out of the woods yet as market participants are waiting patiently for Iran's retaliation. Iran has threatened to close the Strait of Hormuz and if factual, could see another jump in oil prices.
USD is broadly bid for haven seeking and see USD/JPY is higher at 146.52, 0.31% higher than Friday's close.