Financial markets initially showed a contained impact on Iran's unprecedented attack on Israel given its anticipation and the lack of support from the United States for retaliation. Although as the day progressed, fear of intensifying hostilities prevailed when Israel promised to respond, causing a flight to the assets considered a refuge.
With these global geopolitical movements, in the currency market the Pound is trading calmly near the level of 0,8540 and awaiting the March inflation data in Wednesday's session, where a containment of inflation is expected up to 3,1 % from 3,4% of the last reading.
The Japanese Yen will also have its inflation data this week, in the Asian session on Friday, where core inflation is expected at 2,8%, well above the 2% limit. The EUR/JPY pair orbits in the 164 area, with the focus on the possible intervention of the BoJ due to the depreciation of its currency.
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