Yen hits three-month high as Mideast tensions escalate
The moves extended a flight to safety that began on Friday, after Iranian Major-General Qassem Soleimani was killed on Friday in a U.S. drone strike on his convoy at Baghdad airport.
The Australian dollar/yen pair - a gauge of risk sentiment because the Aussie is a trade-exposed, export-oriented currency compared with the yen’s safety status, has been the biggest mover, with the yen rising 1.3% since Friday. AUDJPY= The European Union, Britain and Oman, meanwhile, urged the two sides to make diplomatic efforts to defuse the crisis.
“A diplomatic resolution is imperative, but the Iranian government’s rhetoric remains uncompromisingly harsh.”
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