Yen surges 0.6% as Asian markets weigh oil, Iran threats

  • Yen surged as Asian markets traded unevenly amid mixed data and Iranian threats.
  • Yen rose 0.6% to 153.51, its strongest level since February 18.
  • Brent gained 0.04% to $97.04 after Iran threatened Gulf energy infrastructure.

The yen surged as Asian markets traded unevenly amid mixed regional economic data and fresh Iranian threats against energy infrastructure in the Persian Gulf. Japan’s Nikkei 225 edged up 0.2%, while the yen rose as much as 0.6% to 153.51, its strongest level since February 18. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.2%, led by a 1.2% advance in the KOSPI, while S&P 500 e-mini futures slipped 0.1% after a U.S. holiday. Brent crude rose for a third day to $97.04 a barrel after Iran threatened retaliation against new attacks, including possible strikes on U.S. oil and gas interests. The U.S. 10-year Treasury yield increased 0.6 basis points to 4.788%, while traders priced a 60% implied probability of a 25-basis-points Federal Reserve hike at the September 16 meeting. Japan’s revised April-June growth exceeded the initial estimate but missed analyst forecasts, while real wages rose 2.4% in July, their strongest increase since May 2021. Australian shares fell 0.6% as consumer sentiment weakened. Gold rose 0.5%, bitcoin gained 0.1% to $79,333.01 and ether climbed 0.2% to $2,498.94.

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Yen surges 0.6% as Asian markets weigh oil, Iran threats - CoinPost Terminal