At this stage, there are no obvious headlines or macroeconomic developments that would clearly explain the sudden move. However, the 160 level may be emerging as a new threshold for the market, particularly as traders weigh hawkish comments from Bessent and the Bank of Japan, which have signaled concerns over excessive yen weakness.

Source: xStation5
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๐ข๏ธWTI crude tests $90. Brent below $100