USD/JPY drops in short term, down over 0.50%. Yen strengthens amid intervention fears

Based on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran, we have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed. President DONALD J. TRUMP

*US & IRAN CLOSING IN ON ONE-PAGE MEMO TO END WAR: AXIOS * DEAL WOULD INVOLVE IRAN COMMITTING TO MORATORIUM ON NUCLEAR ENRICHMENT AND U.S. AGREEING TO LIFT SANCTIONS AND RELEASE BILLIONS IN FROZEN IRANIAN FUNDS ALONG WITH LIFTING RESTRICTIONS AROUND TRANSIT THROUGH STRAIT - AXIOS Nothing agreed yet, US sees Iran responses next 48 hours - axios

Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran. If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before. Thank you for your attention to this matter! President DONALD J. TRUMP