Yen Rebounds as Ceasefire Calms Markets

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The Japanese yen recovered to around 145.5 per dollar on Tuesday, gaining strength after the ceasefire announcement. Although Iran launched missiles at a US base in Qatar, causing no casualties, the gesture was largely seen as symbolic. Tehran’s decision not to target the Strait of Hormuz further eased fears of major disruptions.

The key resistance is at $146.20 while the major support is at $144.85.

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