British Pound retreats from monthly high vs JPY; downside seems limited.British Pound retreats from monthly high vs JPY; downside seems limited

investingLive Asia-Pacific FX news wrap: Shots fired, deal closer: Hormuz endgame in sight.The dominant theme across the Asia session was a conflict that refused to stay contained and a deal that refused to fall apart. US forces sank two IRGC mine-laying vessels (speedboats) in the Strait of Hormuz and struck a missile site at Bandar Abbas after Iran activated air defences and launched anti-ship cruise missiles toward US Navy assets in the Sea of Oman and the strait itself.

EUR/JPY Price Forecast: Hovers around 185.00, descending channel top.EUR/JPY Price Forecast: Hovers around 185.00, descending channel top

US Secretary of State Rubio: Strait of Hormuz will be open 'one way or the other.US Secretary of State Rubio: Strait of Hormuz will be open 'one way or the other

Euro Fights “Two-Front War” Against Sterling and Swiss Franc.At first glance, Euro looks healthy this week. Dollar is falling, oil prices are collapsing, and risk appetite is roaring back as markets price the possibility of a US-Iran breakthrough and reopening of the Strait of Hormuz.

Asia open: Trump-Iran peace optimism sparks equity rally as sticky U.S. inflation risks loom large.Global markets surged after renewed optimism surrounding a potential U.S.-Iran peace deal triggered a sharp drop in oil prices and boosted investor risk appetite. However, sticky U.S. inflation and elevated Treasury yields continue to reinforce expectations of prolonged restrictive Federal Reserve policy.

US Dollar Index holds gains above 99.00 due to renewed safe-haven demand.US Dollar Index holds gains above 99.00 due to renewed safe-haven demand

Rupee's rally may be halted by dented peace deal hopes, month-end dollar demand.The Indian rupee's three-day winning streak is likely to run into resistance on Tuesday as fresh U.S. strikes in the Middle East dent optimism over an ​imminent peace deal with Iran, with traders also expecting month-end flows to ‌weigh.

Australian Dollar loses traction as US launches self-defence strikes on southern Iran.Australian Dollar loses traction as US launches self-defence strikes on southern Iran

BoJ's Himino Keeps Hawkish Tone but Signals Caution on Middle East Shock.Bank of Japan Deputy Governor Shinichi Himino delivered another reminder today that the central bank is still moving toward tighter policy, even as the Middle East crisis complicates the outlook for inflation, bond markets, and Japan's economy. Himino acknowledged that global bond yields are rising because of “global concerns about inflation,” but stressed the BoJ will continue adjusting policy to achieve its inflation target “stably, sustainably.

The Memorial Day Session Brought Some Great News.The recent US-Iran draft agreement gave the broader market a major boost, and institutional investors are now expecting a formal deal to be reached during this final ceasefire extension.

USD Index: Fresh Risk Appetite on US-Iran Talks Optimism Deflates Dollar.The dollar fell across the board at the start of the week, pressured by renewed risk sentiment on growing hopes of a deal between the US and Iran to reopen Hormuz strait and prevent deeper crisis on prolonged supply shortage.

Dollar wobbles as markets cling to hopes for Middle East peace deal.The dollar nursed losses on Tuesday ​on rising investor optimism of a deal being struck to reopen the crucial Strait of Hormuz and end ‌the three-month-long Iran war, although fresh U.S. attacks on Iranian targets weighed on sentiment.

Japanese Yen stays on the back foot near 159.00 vs broadly rebounding USD.Japanese Yen stays on the back foot near 159.00 vs broadly rebounding USD

New Zealand Dollar declines due to increasing risk aversion.New Zealand Dollar declines due to increasing risk aversion

PM Carney says Canada and India in free trade talks across energy and agri-food.Canadian PM Mark Carney says Ottawa is negotiating a free trade agreement with India, describing it as a game changer, with energy, agri-food, technology and education identified as priority sectors.

Euro weakens amid US-Iran peace deal uncertainty.Euro weakens amid US-Iran peace deal uncertainty

Rupee rises for a 3rd day as peace gains currency.The Indian Rupee strengthened against the US Dollar on Monday. This rise followed a global plunge in crude oil prices.

Japan slips to third-largest creditor behind China despite record net external assets.Japan fell behind China to rank as the world's third-largest net creditor in ​2025, marking a further decline in global rankings ‌despite its net external assets hitting an all-time record, the Finance Ministry said on Tuesday.

United Kingdom BRC Shop Price Index (YoY) came in at 1.2%, above expectations (1.1%) in May.United Kingdom BRC Shop Price Index (YoY) came in at 1.2%, above expectations (1.1%) in May

US forces conduct strikes in southern Iran in self-defense.US forces conduct strikes in southern Iran in self-defense

US President Donald Trump says Iran talks ‘proceeding nicely' as deal appears closer.US President Donald Trump says Iran talks ‘proceeding nicely' as deal appears closer

Strait of Hormuz - Loud explosions reported in Iran in Bandar Abbas, Sirik and Jask.All is not quiet in Iran, loud explosions reported via multiple media sources. Markets are focused on the good news out of negotiations right now.

Natural Gas Price Forecast: Key Support Zone Under Threat.Natural gas remains under pressure after a breakdown below key moving averages, with price now testing 50-day support as downside Fibonacci targets come into focus.

USD/JPY Price Forecast: Clashes at 159.00, retreats to 50-day SMA.USD/JPY Price Forecast: Clashes at 159.00, retreats to 50-day SMA

The Memorial Day session brought with it some great news.US markets gear up for a high-volume trading week following a blockbuster Memorial Day session that firmly laid a bullish foundation. Driven by an advanced US-Iran draft agreement and a projected 30-day timeline to reopen the Strait of Hormuz, a collapsing US Dollar and a 7% plunge in WTI Crude are setting the stage for an explosive return of market liquidity.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Fall 7% On Possible Iran Deal.Oil markets tested new lows as President Trump said that negotiations were “proceeding nicely”.

investingLive Americas FX news wrap 25 May: Diplomacy hopes hit oil, lift risk.With London and U.S. markets closed for the holiday, trading activity was lighter across the major stock indices and debt markets. As a result, the primary focus for investors shifted squarely toward developments surrounding the conflict in Iran and the ongoing diplomatic efforts aimed at preventing a broader regional escalation.

The Strait of Hormuz is to be opened in 30 days, Oil down 7% – WTI Technical analysis.WTI Oil Update: Oil is in an absolute freefall, tumbling 7% during a thin holiday session to retest early May lows. Driven entirely by President Trump's blockbuster announcement projecting a full reopening of the Strait of Hormuz within 30 days, explore our in-depth technical analysis of crude's critical structural pivot zones.

British Pound rises toward 1.3500 as hopes for US-Iran deal improve market sentiment.British Pound rises toward 1.3500 as hopes for US-Iran deal improve market sentiment