Appetite For Risk Returns, USD/JPY Falls on Ceasefire Headlines

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Appetite For Risk Returns, USD/JPY Falls on Ceasefire HeadlinesE-mini S&P 500 FuturesCME_MINI_DL:ES1!CityIndexPresident Trump has agreed to "suspend bombing" on Iran for two weeks, and Iran have accepted cease-fire proposal via Pakistan. The fact that Iran usually push back on any positive headlines is a huge development, and that has seen a Wall Street futures gap higher and the US dollar turn lower. I update my outlook for USD/JPY. MS