Iran & Japan — Ministry of Finance (Japan)

Iran: The Iran war and talks influenced oil prices and safe-haven demand, indirectly affecting currency markets; optimism over talks pressured the dollar.

Japan — Ministry of Finance (Japan): Led the intervention, confirming joint action with the U.S. and signaling readiness for further moves, enhancing its credibility in defending the yen.

Iran: Iran is the other primary belligerent, facing military strikes and economic sanctions. Its blockade of the Strait of Hormuz has disrupted global oil supplies, but it suffers from economic decline and international isolation.

Japan — Ministry of Finance (Japan): Released trade data, not directly affected.

Iran: Iran is a central party in the ceasefire and potential deal with the United States. Its compliance with the agreement, particularly regarding the Strait of Hormuz and its nuclear program, has significant implications for global oil supply and regional stability.

Japan — Ministry of Finance (Japan): The Japan — Ministry of Finance (Japan) is monitoring the Japan — Japanese yen's depreciation, with policymakers potentially considering intervention if it reaches the 160 per dollar level.

Iran: The U.S.-Iran Memorandum of Understanding and its delays impacted crude oil prices, which in turn affected global markets.

Japan — Ministry of Finance (Japan): The Ministry of Finance reported Japan's merchandise trade surplus for April.