Iran's chief negotiator said the US and Iran have agreed to establish a communication channel on vessel transit through the Strait of Hormuz to avoid conflict.

USD/JPY briefly rose above 161.90 before plunging to 161.20; bids then lifted it back to 161.65. Japanese officials have repeatedly warned they are closely monitoring the market. Last Friday produced the highest weekly close in 40 years, and the reported end of the Iran war appears not to have eased pressure. Earlier gains broke June resistance at 161.80, but the July intraday high of 161.94 remains unbroken though under threat. With Japan's Ministry of Finance under pressure, yen trading is likely to remain volatile.

Shenzhen Stock Exchange adjusts Hong Kong Stock Connect eligible securities list; effective June 23 adds Xingyuan Materials.