Asia Summary and Highlights 2 March
U.S. strike Iran over the weekend, killing the Supreme leader
Asia Session
The U.S. and Israel has launched multiple missile strikes against Iran, killing their Supreme leader and high ranking military officials. Iran has since retaliated and targeted U.S. allies across the Middle East. Despite heightened geopolitical tension, FX market is rangebound with Gold and Oil jumped at the opening while retracing partial gains as session progress. USD/JPY is trading 0.06% lower at 156 with a session low at 155.53, market participants are closely watching for serious retaliation from the Iran which so far has not appeared yet.
As geopolitical tension flares up, risk asset took a beating and see U.S. three major equity indexes down by almost a percent, so as HSI and Nikkei. Gold was once up a USD/oz as market participants seek haven. AUD/USD is trading 0.39% lower at 0.7088 with a session low at 0.7044. NZD/USD is trading 0.51% lower while USD/CAD rises 0.09%. Else, EUR/USD is up 0.16% and GBP/USD is down 0.46%. Most opening gaps have been closed at least once.