Asia Summary and Highlights 24 Jun

Asia Session

After Trump public announcement on his social media that he has brokered a ceasefire deal between Israel and Iran, it has been officially confirmed by Israel and Iran officials in the past two hours. The last round of rocket exchanges seem to be done for now and we see USD softens. USD/JPY slipped 0.42% to 145.51 with JGB yields outperform U.S. counterpart.

Major equity indexes are gaining strongly on the ceasefire between Israel and Iran. Iranian officials have explained the last wave of missiles against Israel were fired before the supposedly deadline. It seems to suggest they have not taken a hardliner attitude for now. AUD/USD is trading 0.57% higher at 0.6496, NZD/USD is trading 0.57% higher at 0.6011 while USD ISD/CAD slips 0.12%. Else, EUR/USD is up 0.28% and GBP/USD is up 0.31%.