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Published: 2025-06-23T01:13:50.000Z

USD/JPY flows: And it has begun

byCephas Kin Long Yung

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.

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Topics
Foreign Exchange
FX DM
Flows
USD/JPY-Commentary

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