The Pakistani government announced on 8 April that Iran and the United States had agreed to an immediate ceasefire. The ceasefire is expected to take effect later that day, with the market focused on whether it will transition to a permanent arrangement. Goto Yujiro (後藤祐二朗) of Nomura Securities believes that the US dollar has further room to decline if the ceasefire moves toward permanence.
According to the Pakistani government's announcement, Iran and the United States have agreed to an immediate ceasefire, which is expected to begin taking effect later that day. The market's focus is on whether the ceasefire will develop into a permanent arrangement.
Goto Yujiro (後藤祐二朗) of Nomura Securities' Market Strategy Research Department says that if the ceasefire moves toward permanence, the US dollar could have further room to decline. If a permanent ceasefire is achieved, concerns over oil supplies are expected to recede, leading to higher share prices, higher bond prices and a weaker US dollar.