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[MARKET UPDATE] USD/JPY falls from 157.62 to a low of 157.01 within a couple of minutes; a move which comes amidst a drop in global yields and falling energy prices

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UK banks are reportedly lobbying for fintechs to held fund community banking hubs replacing branches, FT reports citing sources

Iran suggests the Strait of Hormuz could reopen within seven days once the US blockade is lifted, Kyodo reports

[MARKET UPDATE] USD/JPY falls from 157.62 to a low of 157.01 within a couple of minutes; a move which comes amidst a drop in global yields and falling energy prices

IRGC says if Iran’s national interests require negotiations alongside war, then it must negotiate; says it will respond to any enemy strike with multiple strikes across different arenas and in various ways, Al Jazeera reports

Israeli Defence Minister says they will bomb Iran for the 3rd time if necessary until the regime is overthrown, Al Arabiya reports

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Potentially two reasons for the move:

1) IRGC says if Iran’s national interests require negotiations alongside war, then it must negotiate. 2) Iran suggests the Strait of Hormuz could reopen within seven days once the US blockade is lifted, Kyodo reports.

Please note that the Kyodo report was published a couple of hours ago.

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