Mitsubishi UFJ Financial Group strategist Lee Hardman says the yen is unlikely to mount a meaningful rebound despite energy prices falling after a temporary US–Iran peace accord. Ahead of the Bank of Japan policy decision on Tuesday, positions betting on a weaker yen have continued to build; a 25bp rate hike is fully priced and is unlikely on its own to reverse yen weakness, encouraging further yen shorting. He adds that if energy prices fall further and markets pare back expectations for US rat

The UK will publish further details on social-media bans in July.

Baosheng Group analyst Richard Tang said a US-Iran peace agreement would be positive for Asian equities because most Asian economies are net oil importers; reopening of the Strait of Hormuz would be a material tailwind. Tang said a potential oil-price decline that reduces the likelihood of further rate hikes could boost AI names and the broader tech sector; tech-heavy markets such as Korea and Japan jumped sharply in early Monday trade. He added India could rebound as oil-price risks ease and other drivers improve.