U.S.-Iran memorandum of understanding signed
With the U.S.-Iran MOU signed, market can take a breath now. However, tougher negotiations and integrity on MOU are ahead, should keep every headline live. Market participants are ignoring those now and choose to cheer on lower oil price.
We have some kind of jawboning from Japan's chief cabinet secretary Kihara but it sounds weak. USD/PY is trading unchanged at 160.62.