A senior Trump administration official says that for War Power Resolution purposes, hostilities that began on February 28th have been terminated

The statement from a senior Trump administration official indicates a formal conclusion to hostilities that began on February 28th, which could signify a reduction in geopolitical tensions. This development may positively influence market sentiment, particularly for risk assets like equities and commodities, while also affecting currency flows, notably the USD and JPY. Traders should monitor how this evolves and its implications for asset classes linked to geopolitical stability.