


The Iranian rial has dropped to around 2.02 million rials per dollar in the unofficial market. The anticipated additional U.S. sanctions against Iran and the control issues in the Strait of Hormuz are simultaneously increasing pressure on the Iranian economy.
Tech stocks drag global markets down in a week marked by risk aversion and corporate earnings reports. Crude oil prices drop, providing relief to U.S. Treasury bonds.
The risk of liquidation in the yen carry trade has resurfaced as a macro variable for risk assets, including Bitcoin (BTC), during a phase of dollar weakness. Funds raised at low yen interest rates are impacting forex, stocks, and crypto.