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USD/JPY Surges After US Strikes Iranian Nuclear Facilities

Reading time: 2 min • Jun 23, 2025, 11:56 AM (UTC)

Key Points

  • US military action against Iran caused immediate forex marke...

When the US decided to knock on Iran's nuclear door with missiles instead of diplomats on June 22, 2025, the forex market responded faster than a day trader spotting a coffee shop WiFi password. Oil prices shot up, safe-haven currencies got a popularity boost, and suddenly everyone remembered why keeping spare change in dollars isn't the worst idea.

The USD/JPY pair has been climbing like a caffeinated squirrel, but not just because everyone's panicking about World War III. Japan imports 100% of its energy, which means every oil price hiccup hits their economy like a surprise parking meter fe...

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