The USD/JPY pair catches fresh bids at the start of a new week and climbs back closer to last week's swing high, though it lacks follow-through and remains below the 157.00 mark through the Asian session.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.65 during the early Asian trading hours on Monday. The WTI jumps to its highest since June 2025 after joint military strikes by the US and Israel against Iran over the weekend.
AUD/USD recovers after opening at a gap down, trading around 0.7070 during the Asian hours on Monday. The risk-sensitive pair plunged as risk aversion heightened after the United States (US) and Israel carried out coordinated strikes on Iran over the weekend.
The EUR/USD pair opens with a bearish gap at the start of a new week as the US-Iran war-led global flight to safety boosts the US Dollar (USD). Spot prices, however, lack follow-through selling and manage to hold above mid-1.1700s during the Asian session.
Silver price (XAG/USD) jumps to near $94.90 during the early Asian trading hours on Monday. The white metal attracts some buyers amid escalating geopolitical tensions in the Middle East following the United States (US) and Israeli strikes on Iranian targets.