US-Iran deal paves way to reopen Hormuz – BoJ hikes to 1.0% - FXStreet

Bank of Japan today - preview - set to lift rates to 31-year high as Iran deal clouds path

Iran peace deal won't derail BOJ rate hike to 31-year high on Tuesday, ex-BOJ economist

USD/JPY spikes lower on US-Iran deal and consolidates ahead of BoJ and FOMC decisions

The Japanese Yen jumps on hawkish BoJ dissenters but erases gains on dovish Governor Ueda

The desk sees the Japanese Yen's recent volatility as a reflection of conflicting signals from the Bank of Japan (BoJ) and broader geopolitical tensions. Per the full note [source], the Yen initially gained on hawkish dissent within the BoJ but reversed those gains following dovish comments from Governor Ueda, who emphasized caution regarding inflation and economic impacts from the US-Iran conflict. This duality suggests a complex landscape for USD/JPY trading, particularly with the upcoming FOMC decision likely to influence dollar strength. Overall, the Yen's bias remains neutral to bearish amid these developments.