Key facts
- The U.S. and Iran have agreed to a roadmap toward a deal within 60 days.
- The dollar held steady following the conclusion of the talks.
- The Japanese yen is nearing a 40-year low against the dollar.
- Concerns are rising about potential intervention by Japanese authorities in the currency market.
The dollar held steady as the first round of talks between the U.S. and Iran concluded, with mediating nations announcing an agreement on a roadmap toward a potential deal within 60 days. This development could influence the global inflation and interest rate outlook. Concurrently, the Japanese yen weakened, nearing a 40-year low against the dollar, which has intensified concerns about possible currency market intervention by Japanese authorities.