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Published: 2024-05-20T03:52:57.000Z

USD/JPY flows: Market focus on Iranian Helicopter Crash

byCephas Kin Long Yung

FX Analyst
1

Iran confirmed president Ebrahim Raisi and Minister of Foreign Affairs Hossein Amir-Abdollahian died in helicopter crash

Market opened with headline of Iranian helicopter carrying president and Minister of Foreign Affairs crashed and soon both were confirmed dead. Haven asset like Gold received a bid as it may escalate geopolitical uncertainty. However, so far there has been no sign of finger pointing, which kept oil prices in check.

USD/JPY is trading 0.04% higher at 155.70 while JGB outperform U.S. Treasury in yields.

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Topics
Foreign Exchange
FX DM
Flows
USD/JPY-Commentary

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