[MARKET UPDATE] USD/JPY spikes higher to 157.89 before reverting back to 157.30.
The spike in USD/JPY to 157.89 indicates strong volatility in the forex market, potentially driven by shifts in sentiment or news catalysts.
IRGC deputy chief says the US would suffer severe repercussions if it escalates tensions against Iran, would face consequences if it “ups the ante” against Iran, Press TV reports
Iranian Foreign Minister Araghchi to travel to China, continuing his diplomatic tour
[MARKET UPDATE] USD/JPY spikes higher to 157.89 before reverting back to 157.30.
M&T Bank (MTB) says CRE demand turned “really strong” since March, with over USD 1bln of production in March, and “really strong April”
Israeli cities and towns are to prepare for the possibility of the conflict resuming, Al Hadath reports citing Yedioth Ahronoth
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The subsequent reversion to 157.30 suggests that this upward momentum may have been temporary or overextended, highlighting the need to assess what underlying fundamentals or technical factors influenced these moves. Traders should stay alert for any developments that could stabilize or further disrupt this currency pair's performance.
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