Japan Labor Cash Earnings (YoY) came in at 3.3%, above forecasts (2.7%) in February

Apr 8, 2026

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.

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.