considering the intermarket analysis we have as below:
JPY suffers of High Value of crude oil cos Japan economy is highly depended to importing crude oil
&
on the other side UK as an exporter of light crude oil (Brent) benefits of a high value of crude oil now by this a divergence of Prices is clear on the previous mentioned chart
political clashes between Iran and US about the closing of oil transit in Hormoz Bay/strait Keeps the Oil price to stay high against common financial classic concepts
JPY suffers of High Value of crude oil cos Japan economy is highly depended to importing crude oil
&
on the other side UK as an exporter of light crude oil (Brent) benefits of a high value of crude oil now by this a divergence of Prices is clear on the previous mentioned chart
political clashes between Iran and US about the closing of oil transit in Hormoz Bay/strait Keeps the Oil price to stay high against common financial classic concepts
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