USD/JPY pulls back to 159.50 amid rising intervention warnings

The US Dollar (USD) has snapped a four-day rally against the Japanese Yen on Monday, and retreated from 20-month highs above 160.00 reached during the early Asian trading session, a level considered a line in the sand for Japanese authorities.

Oil: Geopolitics drives price risks – Rabobank

Rabobank’s Senior Macro Strategist Stefan Koopman notes that Brent has risen to 115 dollars as the Iran war enters its fifth week, with markets focused on when oil flows through the Strait of Hormuz will resume and at what price Oil shifts from an inflation to a recession story.

Oil