Global Stocks Dip as Geneva Talks Delayed; Yen Near 40-Year Lows
๐ MARKETS โ Risk assets sold off, but the yen collapse tells a different story than Iran. ๐ LOOK CLOSER: Stocks dipping on Geneva delay is legible โ but yen at 40-year lows points to structural dollar-strength pressure independent of Hormuz. Two crises pricing simultaneously: markets hedging MOU failure while BOJ loses credibility. European investors absorb both shocks as Brent holds near $78.