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fxJun 15, 2026, 10:48 AM

Yen Strengthens as US Dollar Gaps Down, Trump Announces Iran Deal

The US dollar opened with a downside gap that may persist, as President Trump announced a deal with Iran reopening the Strait of Hormuz from June 19, boosting the yen.

USDJPY

The yen appears poised for a hike after the US dollar opened with a downside gap that is unlikely to be filled soon. President Trump announced a deal with Iran, leading to the reopening of the Strait of Hormuz from June 19. The agreement is said to bring peace to the entire region. This geopolitical development could reduce safe-haven demand for the dollar, supporting the yen.

Source: FXStreet Forex News