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Posted 11 hours ago
Vance Cancels Iran Talks Trip, Oil and USD Rise
VP Vance cancelled his trip to Switzerland for Iran nuclear negotiations, triggering a risk-off reaction in Asian markets. Oil prices and the US dollar moved higher on the news, while Japan CPI remained subdued due to energy subsidies masking underlying inflation. The BoJ deputy governor warned that delaying action on price risks could cause long-term economic damage.
USD/JPY is in focus as BoJ hawkish signals and a stronger dollar create opposing forces on the pair. USD/CAD and oil-linked currencies like CAD and NOK are affected by rising crude. Traders should watch for continued USD strength if geopolitical tensions escalate further.
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