The Yen emerged as the winner amid risk-off flows following Middle East attacks, while USD experienced heavy selling after Israel’s attack on Syria. A ceasefire has been reached, easing tensions but remains a story to watch. US Producer Price Index data was positive, showing no change vs. last month’s 0.3% increase. The US Dollar reacted strangely to the attacks, dropping 1.15% before rebounding. Equities rose despite volatility. Today’s earnings releases include TSM, Netflix, Abbott, and Pepsico. The North-American Session may be influenced by FED speakers and economic data, providing insight on tariffs and rate decisions. Monthly JPY report may impact USD/JPY.
Read more at Investing.com: USD/JPY Pullback Deepens With Yen Demand Fueled by Geopolitical Jitters