{
  "id": 201377,
  "title": "Yen and dollar drift on Iran deal concerns, payroll jitters",
  "url": "https://urgent.news/2026/08/06/yen-and-dollar-drift-on-iran-deal-concerns-payroll-jitters",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-06T02:01:17.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/yen-and-dollar-drift-iran-deal-concerns-payroll-jitters-6302516"
  },
  "original_language": "en",
  "account": "The U.S. dollar gained against the Japanese yen on Thursday, driven by safe-haven positioning from investors anticipating news about a potential Iran deal and the upcoming release of the U.S. monthly jobs report on Friday. The dollar has rebounded from recent intervention-driven declines that had pushed it to a 13-week low against the yen after Japanese and U.S. Treasury authorities jointly intervened to support the Japanese currency. The dollar was last up 0.44% against the yen at 158.45, marking its third consecutive day of gains following a low of 155.20 on Monday, the lowest since early May.\n\nTensions in the Gulf persisted after Reuters reported a proposed deal between Iran and Oman aimed at ending the U.S.-Iran conflict, which might grant Tehran control over inbound traffic through the Strait of Hormuz. The U.S. has not yet commented on the proposal, and while President Donald Trump has indicated that a deal to reopen the strait was imminent, U.S. officials have consistently maintained that they would not agree to Iranian control of access to the world's most critical trade route for energy supplies.\n\nBrent crude oil prices rose by 3.8% to settle at $82.49 a barrel, although they remain well below the $100-per-barrel level reached in July when attacks resumed following a brief lull. Speculators have accumulated a near-record net dollar long position relative to other major currencies, leaving them vulnerable to a squeeze if there are dollar-negative events, according to Scotiabank's Shaun Osborne.\n\nThe upcoming U.S. employment report for July may offer insights into the Federal Reserve's interest rate outlook. The U.S. service sector stayed robust in July, while services-sector employment decelerated. Despite a mixed performance, the U.S. service sector's strength and the Federal Reserve Chairman's commitment to controlling inflation may pave the way for a potential rate hike in September.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Hellenic Shipping News",
        "title": "Iran says reached a deal with Oman on Strait of Hormuz shipping route",
        "url": "https://urgent.news/2026/08/05/iran-says-reached-a-deal-with-oman-on-strait-of-hormuz-shipping-route",
        "published": "2026-08-05T17:04:13.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Dow edges to record as markets parse prospects for Hormuz deal",
        "url": "https://urgent.news/2026/08/05/dow-edges-to-record-as-markets-parse-prospects-for-hormuz-deal",
        "published": "2026-08-05T21:30:15.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Gold jumps most in 6 months as Hormuz deal progress lowers rate-hike odds",
        "url": "https://urgent.news/2026/08/06/gold-jumps-most-in-6-months-as-hormuz-deal-progress-lowers-rate-hike",
        "published": "2026-08-06T02:25:57.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "U.S. ready to return to 'commitments,' Iran says, after Trump signals deal is near",
        "url": "https://urgent.news/2026/08/06/u-s-ready-to-return-to-commitments-iran-says-after-trump-signals-deal",
        "published": "2026-08-06T02:43:25.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "Strait of Hormuz deal imminent: Is US prepared to back bigger role for Iran? Explained",
        "url": "https://urgent.news/2026/08/06/strait-of-hormuz-deal-imminent-is-us-prepared-to-back-bigger-role-for",
        "published": "2026-08-06T16:44:02.000Z"
      },
      {
        "outlet": "Financial Post",
        "title": "Iran Seeks to Bar US Ships as Hormuz Deal With Oman Advances",
        "url": "https://urgent.news/2026/08/06/iran-seeks-to-bar-us-ships-as-hormuz-deal-with-oman-advances",
        "published": "2026-08-06T18:20:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}