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investingLive European session wrap: Yen jumps, oil slides as bond risks linger

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Headlines: USD/JPY falls below 158.00 as Takaichi says Trump flagged weak yen pressure Crude oil falls on reports of potential phased US-Iran deal that would reopen the Strait of Hormuz Trump-Xi summit extends the trade truce but leaves the biggest market questions unresolved How have interest rate expectations changed after this week's events? Fed's Williams: Persistent supply shocks are making the inflation fight harder German consumer climate darkens ahead of October as higher energy costs bite Ethereum struggles amid macro headwinds, but renewed US-Iran hopes limit the downside Month-end FX flows point to yen and pound selling, euro buying – BofA Markets: WTI crude oil down 2.4% to $92.36 JPY leads, CHF lags on the day 10-year Treasury yields up 0.9 bps to 5.17% Gold up 0.6% to $4,305 European indices higher; S&P 500 futures +0.4% Bitcoin up 0.5% to $84,725 Despite the continued breakout in Treasury yields this week, broader markets are keeping the calm in European trading today as