The post USD/JPY Price Forecast: Dollar remains capped below 162.40 resistance area appeared on BitcoinEthereumNews.com.
The US Dollar (USD) appreciates against the Japanese Yen (JPY) for the fourth consecutive day on Wednesday, fuelled by the resumption of hostilities in the Middle East and dovish comments from Bank of Japan (BoJ) officials. The Greenback, however, is struggling to break last week’s highs at 162.40 so far. A new round of US strikes on Iran, in retaliation for alleged attacks from Tehran on vessels closing Hormuz earlier this week, hurt risk appetite on Wednesday. and provided some support to the safe-haven US Dollar, The Yen, however, is suffering from weakness of its own, as BoJ monetary committee member Toichiro Asada, the dovish dissenter at June’s monetary policy meeting, said that he needs to see signs of demand-driven inflation before supporting interest rate hikes, Technical Analysis: 162.40 is the last barrier before 40-year highs USD/JPY trades at 162.26, mai
The post US President Trump: I think MoU with Iran is over appeared on BitcoinEthereumNews.com.
United States (US) President Donald Trump said during European trading hours on Wednesday that the memorandum of understanding (MoU) with Iran, aimed at ending the war in the Middle East, is over. Additional comments I don’t want to deal with Iran; they are sick people. On NATO, Trump says not happy with NATO over Greenland and Iran. Spain is a terrible partner in NATO. Tells Treasury Secretary Scott Bessent to cut off all trade with Spain. I want no business with them. Greenland is a big problem for us. We are treated unfairly in NATO, we pay disproportionately. Market Reaction Significant buying interest is seen in the US Dollar (USD) and oil prices after remarks from US President Trump. The US Dollar Index (DXY) rebounds from the day’s low of 100.95 to near 101.15. The WTI Oil price surges almost 3% to near $74.00. US Dollar FAQs The US Dollar (USD) is the official currency of the United
The post EU Foreign Affairs Chief Kallas condemns Iran’s attacks on Bahrain and Kuwait appeared on BitcoinEthereumNews.com.
European Union (EU) Foreign Affairs Chief Kaja Kallas said during the European trading session on Wednesday that exchanges of fire between the United States (US) and Iran further complicate already fraught talks to end the war. Additional remarks Next Monday, EU foreign ministers will meet with Gulf counterparts to discuss how they can support implementation of the agreement and preserve freedom of navigation in the strait as well as the Red Sea. Iran’s attacks on Bahrain and Kuwait are unacceptable. Market Reaction No immediate reaction was seen in the US Dollar (USD) following remarks from EU’s Kallas. At press time, the US Dollar Index (DXY) tardes 0.15% lower at around 100.95. Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period
Iran's warning heightens regional tensions, potentially disrupting global shipping and impacting economic stability amid escalating conflict.
The post Iran warns US military supporters are legitimate targets amid 2026 conflict appeared first on Crypto Briefing.
The post US Dollar: Reserve role questioned appeared on BitcoinEthereumNews.com.
Rabobank strategist Michael Every discusses contrasting views on the Dollar’s global role. Every cites Adam Tooze’s argument that the USD is now a “profit dollar” backed by rising asset prices, and counters that dismissing Dollar holdings on that basis is odd without an alternative Hamiltonian neomercantilist framework, underscoring realpolitik between financialisation and production. Debate over Dollar’s reserve status “Contrast that with the argument made by Adam Tooze in the Financial Times that the USD is no longer a global reserve FX but just a “profit dollar” backed by rising asset prices.” “There’s a vast realpolitik difference between financialisation and production but arguing one shouldn’t hold dollars because US assets appreciate is rather odd absent a counterargument for Hamiltonian neomercantilism which many, if not all, critics of the US also reject as the solution.” “See the op-ed today in t
The post Oil Soars, Bitcoin Plunges as Trump Declares Iran MoU ‘Is Over’ appeared on BitcoinEthereumNews.com.
USOIL just hit a two-week peak after Trump’s latest statement. The de-escalation in the Middle East appears to be threatened severely as US President Donald Trump just said the memorandum of understanding (MoU) with Iran ‘is over.’ Most assets opened for trading now reacted with immediate volatility: oil prices rocketed, while BTC dipped below $62,000. The report from CNN cited Trump, who said he believes the MoU with Iran is over after both parties failed to reach a permanent deal and resumed the airstrikes against each other across the region. Recall that the Islamic Revolutionary Guard Corps said it responded to a wave of US attacks by launching its own against American military targets in Bahrain and Kuwait. It added that its military has targeted an air base in Bahrain hosting US forces. The United States began its assault earlier and reimposed sanctions on Iranian oil s
The post Forex Today: Markets await FOMC Minutes while tensions in Middle East escalate appeared on BitcoinEthereumNews.com.
Here is what you need to know on Wednesday, July 8: The market sentiment sours on Wednesday as investors assess the latest headlines surrounding the Middle East conflict. Later in the American session, the Federal Reserve (Fed) will publish the minutes of the June Federal Open Market Committee (FOMC) meeting. In the meantime, investors will keep a close eye on geopolitics. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.10% -0.12% 0.55% -0.23% -0.07% -0.15% 0.42% EUR -0.10% -0.24% 0.46% -0.35% -0.13% -0.28% 0.27% GBP 0.12% 0.24% 0.59% -0.09% 0.11% -0.04% 0.51% JPY -0.55% -0.46% -0.59% -0.80% -0.50% -0.66% -0.16% CAD 0.23% 0.35% 0.09% 0.80% 0.28% 0.13% 0.62% AUD 0.07% 0.13% -0.11% 0.50% -0.2
The post Iran says any location that supports US attacks are legitimate targets appeared on BitcoinEthereumNews.com.
According to the Iranian State Media, Iran’s Top Joint Military Command said, “Tehran considers any location that supports United States (US) attacks on Iran as its legitimate target.” However, there has been no official confirmation from other media outlets. Market Reaction A slight buying interest is observed in oil prices after remarks from Iran. At press time, the WTI Oil price trades firmly near an almost two-week high around $72.00. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is cons
