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Dollar edges lower as Japan remarks lift USD/JPY to 161.60
USD/JPY fell 0.5% to 161.60, while WTI crude was up 0.6% to $72.50 as Strait of Hormuz ship traffic stayed near a standstill.
Forexlive said markets were staying in a tense but calmer loop as the US and Iran continued exchanging strikes even after a ceasefire deal was described as over. The outlook hinges on whether either side escalates further, with negotiations still uncertain.
The article noted Strait of Hormuz activity was effectively constrained again, with ship traffic grinding to a standstill. In response, oil trading looked firm, with WTI crude up 0.6% to $72.50 on the day, after losses that it said were on track for a fourth straight week.
US equities improved into the week, Forexlive reported, with the S&P 500 up 0.8% and the Nasdaq up 1.4% week to date. Ahead of European trade, futures were described as softer, with S&P 500 futures down 0.1% and Nasdaq futures down 0.2%.
On the currency side, Forexlive said the dollar was slightly lower, highlighting USD/JPY as the standout move. It cited Japan finance minister Katayama remarks as USD/JPY declined 0.5% to 161.60.
Latest closeWTI crude $71.84 ▼2.3%|S&P 500 7,543.64 ▲0.8%|Nasdaq Comp. 26,206.89 ▲1.3%