MARKETS ARE NOW BALANCING HIGHER ENERGY PRICES AGAINST EXPECTATIONS FOR A MORE MEASURED FED TIGHTENING PATH, WITH THE YEN STRENGTHENING TO AROUND 157.90 PER DOLLAR AFTER TOKYO INFLATION ACCELERATED AND JAPAN'S 10-YEAR YIELD FALLING TO 3.05%, AS INVESTORS ALSO WATCH MIDDLE EAST DEVELOPMENTS, PARTICULARLY OIL FLOWS THROUGH THE STRAIT OF HORMUZ.
(@FirstSquaw)