Emerging Markets Mixed Amid Iran Tensions

USDTRY maintains its short-term uptrend. The price is trading above the 20- and 50-day moving averages, with the RSI at 57 in bullish territory. Although the MACD line is below the signal line, the gap is very narrow, suggesting that momentum could be slightly upward. While tensions with Iran weigh on risk appetite in emerging markets, USDTRY may find support from safe-haven demand amid geopolitical uncertainties. However, the upside may be limited, and the resistance zone at 47.20-47.30 could be tested.

USDJPY is trading at 162.33, posting a slight decline over the past 24 hours. The RSI remains neutral at 46, while the MACD is below the signal line, indicating weak momentum. The price is hovering near the SMA20 and SMA50 averages, offering no clear directional signal. Geopolitical risks such as tensions with Iran could boost safe-haven demand and support the JPY, but the current technical outlook does not provide a clear direction. A sideways movement is expected in the short term.

The DXY is trading below its 20-day moving average (100.77) with the RSI in weak territory at 43.7. The MACD line remains below the signal line, indicating negative short-term momentum. While Iran tensions create mixed sentiment in emerging markets, the slight decline in DXY may signal deteriorating risk appetite. However, as the price hovers near the 50-day moving average (100.69), the downside is likely limited.