USD/JPY flows: Geopoltiical tension remains

Missiles continue to be firing between Israel and Iran over the weekend. It is also reported that there is a huge number of US Air Force aerial refueling tankers heading toward Europe. Despite U.S. openly stated they are not currently involved, it seems inevitable that the U.S. will enter if its interest is harmed or allies ask for help after suffering significant losses.

USD/JPY initially opened ten pips lower but quickly reversed traction to trade 0.26% higher to 144.45.