The deal between Tehran and Washington is expected to be signed in Switzerland, including reopening the Strait of Hormuz and the immediate return of Iranian oil exports.
The Bank of Japan lifted its key short-term interest rate by 25 basis points to 1.0% during its June meeting, marking the highest policy rate since September 1995. The 7-1 majority decision matched market expectations and represents the central bank's first rate increase since December.
US inflation remains split, as high energy costs keep headline inflation elevated while core inflation stays contained. This keeps the Fed on alert.
BOJ Raises Rates to 1%
