US dollar steadied against euro and pound but rose 0.3% to 158.97 yen as cease‑fire optimism faded.
EUR/USD slipped to $1.1678, down from a month‑high $1.1721, while GBP/USD held at $1.3409.
Israeli strikes on Lebanon continued despite Trump‑announced two‑week US‑Iran ceasefire, prompting Iranian accusations and Strait of Hormuz closure.
MUFG analysts warned that gaps between parties make a durable ceasefire unlikely, keeping volatility risk substantial.