The yen is approaching the 160 barrier... Will the monetary authorities intervene?

•The Japanese yen deepens its losses to the lowest level in 3 weeks •The dollar rebounds and oil rises due to fears of a renewed Iranian war •The yield on Japanese bonds jumps to the highest level in 30 years •Markets await more evidence about the path of Japanese interest rates

The Japanese yen fell in the European market on Tuesday against a basket of major and minor currencies, deepening its losses for the second day in a row against

The US dollar, recording its lowest level in three weeks, due to fears of a renewed Iranian war, especially after the end of the ceasefire agreement between the United States and Iran, which lasted for 60 days under the auspices of Pakistan.

The US dollar The dollar index rose on Tuesday by 0.15%, as part of attempts to recover from its lowest levels in 11 weeks, on its way to achieving its first gain in the last four sessions, reflecting the recovery in US currency levels.

Against a basket of major and minor currencies.

The 60-day deadline for the “Islamabad Understanding” has expired without reaching a final agreement between the United States and Iran, as Washington refuses to extend the truce and demands Tehran’s surrender, while Iran announced that it is ready to adopt a “fully offensive” military stance if diplomatic efforts fail.

Last week, the yen posted its biggest weekly loss in three months, as the impact of Japanese intervention faded

And the US dollar in the exchange market, which led traders to speculate on the necessity of implementing another round of official purchases to stop the current decline in currency levels.

•The US dollar rebounds against a basket of currencies •Oil prices reach the highest level in 3 weeks •The expiration of the temporary peace agreement between the United States and Iran •Markets await the minutes of the Federal Reserve meeting •Trust fund holdings jump to the highest level in 3 months