This article presents a detailed analysis of retail sentiment on the Japanese yen, examining three key currency pairs: USD/JPY, EUR/JPY, and GBP/JPY. Moreover, we assess various scenarios driven by contrarian signals within each market.

An Israeli airstrike on Isfahan in Iran has stoked fears of further conflict in the Middle East. Iran is so far playing down the incident, but safe haven assets, including the dollar, are still bid.

Reports of an Israeli attack on Iran fueled a further drive to safety as the risk of a broader conflict hangs in the balance. Overnight, FX markets revealed the risk off response