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EU Market Open: Stocks set for a firmer open as Brent sinks ~6% on Iran de-escalation; JPY extends gains on intervention threats
US President Trump announced over the weekend that he cancelled strikes on Iran at the request of Tehran and other Middle East countries, subject to making a rapid deal; crude futures slumped 6% at the open.Japan's Finance Ministry said it conducted coordinated yen-buying intervention with the US on Friday and won't hesitate to conduct further forex intervention with the US; USD/JPY continued to decline and briefly dipped beneath the 156.00 handle.US President Trump, when asked regarding the US intervening in the yen, said the US is intervening because the US has a good relationship with…
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