U.S. President Trump said the midterm election convention is expected to take place Sept. 9-10.

Press TV reported that in a phone call Iranian foreign minister Araghchi and French foreign minister Barro discussed recent regional and international developments, focusing on implementation of the Islamabad memorandum of understanding and efforts to end attempts to wage war on Iran.

USD/JPY has fallen to its weakest in 40 years, putting traders on alert for Japanese authorities’ next “line.” After the pair broke 162, market participants increasingly view 163 and above as the next key threshold; strategists say the Japanese finance ministry may tolerate a weaker yen more than during 2024’s intervention. Market positioning and this week’s US nonfarm payrolls could push the yen quickly toward those levels. Nikko Securities senior FX and rates strategist Takato Maruyama said 163 is the next level to watch and that intervention concerns helped keep the yen firmer after the Fed meeting — without those worries USD/JPY might already be trading around 163–164.