USD/JPY continues to edge higher amid persistent negative yen backdrop, heightened US-Iran risks

FUNDAMENTAL OVERVIEW USD: The US dollar bounced back this week as US-Iran risks resurfaced after both countries exchanged attacks. Yesterday, it looked like we were going back to pre-MoU situation as the US launched a series of strikes on Iran in response to Iranian attacks on three vessels in the Strait of Hormuz. Iran retaliated by bombing US bases in Bah…

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