Safe haven units yo-yo after Iran strike on US base

London

CURRENCIES whipsawed on Wednesday, with the safe-haven Japanese yen and Swiss franc initially jumping after Iran fired rockets at US forces in Iraq, before they retreated on a perception that the strikes would not lead to a wider regional conflict.

Iran said it had fired 15 missiles at US targets in Iraq early on Wednesday, in retaliation for last week's US drone strike that killed Iranian commander Qassem Soleimani, stoking fears of a new war in the Middle East.