The Japanese Yen strengthened against the US Dollar for a second consecutive trading day, rising to 157.63 at one point and hitting a three-week high, fueling speculation that Japanese authorities might intervene in the foreign exchange market again. Meanwhile, Brent crude oil fell over 1% on the day to $94.67 per barrel after US President Donald Trump downplayed the likelihood of a prolonged conflict between the US and Iran, easing market tensions and leading to a decline in global bond yields.