The yen has a strong bid and risk assets are slumping after an Axios report suggested the White House believes that Iran is preparing to launch missiles at Israel.
AUD/JPY highlights the move:
The S&P 500 is also down 40 points and Treasury yields are down 10 bps at the long end.
More on the Iran news here.
This article was written by Adam Button at www.forexlive.com.
