The US entering the Israel/Iran conflict has led to a higher USD with the JPY, AUD, and the NZD . The gains are the greatest vs the JPY, AUD and NZD. Below are the percentage changes of the USD vs the major currencies in a morning snapshot.

• EUR +.50 %

• JPY +1.18 %

• GBP +0.54 %

• CHF +0.1 %

• CAD +0.41 %

• AUD +1.15 %

• NZD +1.24 %

In the video above, I take a look at the 3 major currency pairs from a technical perspective to outline the risk bias and target levels of each given the moves.

The US stocks are little changed as the market digests the weekend news:

• Dow Industrial Average is down -43.82 points
• S&P is down by -1.09 points
• Nasdaq is up by 8.01 points

In the US debt market, the US yields are lower:

• 2-year yield 3.903%, -0.7 basis points
• 5-year yield 3.950%, -1.1 basis points
• 10-year yield 4.369%, -0.6 basis points
• 30-year yield 4.887%, -0.2 basis points

Looking at other markets:

• Crude oil is up $0.74 or 1.0% at $74.58.
• Gold is trading up $7.55 or 0.33% at $3379.21
• Bitcoin is up $286 at $101,301 with a weekend range of $103,387 (Saturday high) to $98,240 (Sunday low).