USD/JPY flows: Trump's Indefinite Blockade

Trump has instructed aides to prepare for an extended, indefinite blockade of Iranian ports. He seems to be capitalizing on the opportunity that Iran's oil storage facility is almost at maximum an is pressing Iran to negotiate, especially on nuclear terms. The ball is now in Iran's court and seems to be hard ball being played from both sides.

USD/JPY is trading 0.02% higher at 159.63 on a Japanese holiday.