Markets are reverting largely back to former ranges as the panic that accompanied word that Iran was moving several ships through the Suez Canal has run its course.
As Yohay pointed out in the comments, the Israeli foreign minister is seen as a bit of a loose cannon…
EUR/USD took the bears out to the woodshed before all was said and done, rallying to 1.3589 before stalling.We trade now at 1.3545.
USD/JPY tested 83.53. Japanese buyers are eyed around 83.40, dealers now report. We’ve recovered to 83.76 thus far.
USD/CHF is now at 0.9630 from 0.9575 lows…
