Iran launches a new wave of missiles at Israel, while Israeli media reports sirens sounding in 121 Israeli locations

Iran's recent missile launch towards Israel marks a significant escalation in tensions, likely heightening geopolitical risks in the region. This could lead to increased volatility in safe-haven assets like gold and the JPY, as well as potential disruptions in energy markets given the proximity of these nations to oil supplies. Traders should monitor how this development impacts market sentiment and risk appetite across currencies and commodities.