Japan & U.S. Dollar Index

Japan: Japan is facing pressure to intervene in the foreign exchange market due to the weakening Japan — Japanese yen.

U.S. Dollar Index: The U.S. Dollar Index has strengthened significantly against the Japan — Japanese yen, reaching a 40-year high, primarily due to expectations of United States — Federal Reserve rate hikes and higher US Treasury yields.

Japan: Japan's economy is affected by the Iran war, with its stock market experiencing volatility and firms reporting sharp rises in input costs due to higher raw material prices.

U.S. Dollar Index: The U.S. Dollar Index has slid due to the prospect of a deal to end the Iran war, although its dominance in global oil trade is being tested.

Japan: Japan, as a G7 member, welcomed the agreement and expressed readiness to contribute to securing shipping in the Strait of Hormuz.

U.S. Dollar Index: The U.S. Dollar Index posted a weaker performance against major counterparts as traders weighed shifting monetary policy signals and the implications of the US-Iran peace deal.