US Iran War Market Analysis

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@purple_hills - 13 hours ago
Quoted - melody_nk

Guys please how does all of this (US/Iran conflict) affect the Japanese Yen?

@melody, Japan doesnt have oil reserves and they are a big-time manufacturer of vehicles, electronics etc. so they always need fuel to power machinery. The ongoing conflict in the middle-east has caused crude oil prices to increase so and since oil is majorly priced in USD, japan will have a huge bill to pay. Japan will need to convert their Yen into USD to pay for oil thus weakining the Yen.