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USD/JPY retreats from 160.00 as ceasefire crushes Oil premium

USD/JPY reversed sharply on Tuesday, touching a session high around 160.50 before collapsing below 159.00 to settle near 158.85.
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Iran confirms US negotiations, says ceasefire hinges on finalising 10-point proposal

An Iranian official stated that it has accepted a two-week ceasefire after US President Donald Trump said he would suspend attacks, subject to Tehran agreeing to fully reopen the Strait of Hormuz.
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