More Iran Truce Optimism: Israel To Open Ceasefire Negotiations With Lebanon After Trump Pressures Netanyahu, Oil Drops

Japan Bankruptcies Surge To All-Time High As A Result Of Plunging Yen In recent months one of the more frequent questions in FX trading has been the relentless collapse in the yen, which recently sank below a 40 year low despite rate differentials stubbornly headed in the opposite direction, and is increasingly flirting with levels which on previous occasions always prompted BOJ intervention. Among the reasons cited for the chronic weakness of the Japanese currency have been the following three: Real short-term rates in Japan are negative, which is why Ueda has...

Trump Extends Ceasefire By 3-5 Days After Iran Attacks Third Ship In Hormuz Chokepoint Summary At least two fully laden Iranian tankers slip past US naval blockade, amid reports of more going dark: BBG Trump extends ceasefire by 3-5 days, per White House statement to Fox. IRGC seized the MSC Francesca and a Greek-owned ship named Euphoria, which had been attempting to transit the Hormuz chokepoint earlier today. Within hours, a third ship comes under fire by the IRGC. Senior Iranian adviser says the US naval blockade is "no different than bombing" and must be met "with...