Trade British Pound / US Dollar (GBPUSD)

Japan’s 10-year government bond yield held near 2.78% on Friday, close to a three-decade high, even after softer inflation reduced expectations for an imminent Bank of Japan rate increase. 

Global markets took their direction from US–Iran negotiations, with hopes for a breakthrough easing concerns over Strait of Hormuz disruptions and pulling oil prices lower.

Japan’s 10-year yield held near its highest level since 1996 at 2.79% after stronger GDP growth and rising energy costs reinforced expectations of a near-term BOJ rate hike.

A calmer tone around possible US–Iran negotiations slightly eased pressure across bond and currency markets, leaving the dollar index near 99 and US Treasury yields close to 4.6%.

Global markets remained under pressure as persistent inflation concerns and stalled U.S.–Iran diplomacy reinforced expectations for tighter monetary policy.

Global markets turned cautious as escalating U.S.–Iran tensions and stronger U.S. inflation data reinforced expectations for higher interest rates. 

Global markets leaned toward a cautiously optimistic tone as hopes for progress in U.S.–Iran ceasefire negotiations supported risk appetite and pressured the dollar. 

Global markets leaned toward a risk-on tone as optimism surrounding potential U.S.–Iran diplomatic progress supported currencies and precious metals. 

Global markets remained focused on the prospect of a diplomatic breakthrough between the United States and Iran, with easing geopolitical tensions continuing to pressure the dollar and support risk assets. The dollar index fell below 98, extending its recent decline as markets increasingly priced in the possibility of a US–Iran agreement. 

Global markets remained sensitive to geopolitical developments and central bank expectations as investors monitored the ongoing Middle East standoff and shifting monetary policy outlooks.