Market Challenges US-Japan Resolve on Yen and Tehran Challenges US Resolve to Re-Open Strait of Hormuz
Marc Chandler
August 10, 2026
The most important development today is the yen’s weakness. The dollar has approached JPY158.90 in the European morning, a new high for the month. Despite a hawkish sounding record of last month’s Bank of Japan meeting, the swaps market shaved the risks of a rate hike at next month’s meeting. The market is challenging the resolve of Japanese and U…
Market Challenges US-Japan Resolve on Yen and Tehran Challenges US Resolve to Re-Open Strait of Hormuz
Reviewed by Marc Chandler
on
August 10, 2026
Rating:
Reviewed by Marc Chandler
on
August 10, 2026
Rating:
