USD flows: Trumped, but largely ignored

Oil jumps a couple of dollars on the latest social media post from Trump - will hit Iran very hard tonight and then ‘at some point in the not-too-distant future will be take Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela’. 

Easy to dismiss as further overblown and deliberately rhetorically unhinged statements, and market reaction is tiny in FX. 

But it does mean that the de facto non-ceasefire extends again tonight seemingly, so Asia needs to be braced for that. And perhaps more importantly it does asks uncomfortable questions about the decision making of the person who ultimately has to sign off on any MoU that is painstakingly ground out in the background.