USD/JPY · FX (fx)
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No qualifying bottom-picking events since 2020.
The cease-fire between the U.S. and Iran sparked a rally in stocks, bonds, and gold, but the dollar wasn’t getting any love.
Markets had started the week on edge, with oil prices rising and stocks declining in anticipation of an escalation in the Middle East conflict. Then, President Trump said in a social-media post that he had postponed attacks on Iran's power plants by five days.
The dollar has registered strong gains against the euro and yen, two currencies which have been frequently mentioned as alternatives to the greenback.