Asian equities rebound as US-Iran tensions subside
Japanese stocks rebound sharply as geopolitical tensions in the Middle East ebb after US president Trump chose the path of de-escalation in overnight trading. The Hang Seng is also up by 1.3% while the Shanghai Composite is up by 0.7% so far today.
As markets stick to the calmer risk mood, risk trades should fare decently in the day ahead. US futures are up by 0.2% and that should help European equities keep mildly higher going into early trades later in the morning.
In the currencies space, USD/JPY is at session highs at 109.30 after keeping above its 200-day moving average. The dollar is mildly weaker but overall ranges remain narrow for now.