“Indirect talks between the United States and Iran on returning to the 2015 nuclear agreement are entering the “final stretch,” with all sides having to make tough political decisions,” per a Senior US State Department Official, said Reuters during late Monday.

During a telephonic updates from Vienna, the official also mentioned, “Iran may choose not to go down the road of compliance with the agreement, and Washington is ready to deal with that contingency.”

FX implications

The news should have ideally helped the riskier assets but the risk-barometer AUD/JPY remains pressured ahead of the key Reserve Bank of Australia (RBA) meeting.

Read: AUD/JPY stays above 81.00 amid firmer sentiment ahead of RBA