US Market Open: JPY rallies to the detriment of USD and yields a touch softer across the board into Fed's Waller

US President Trump said regarding Iran that the US is winning that one very big and controls the Hormuz Strait.Russian President Putin said that Russia and Ukraine should agree first and noted that there is an opportunity to reach a peace agreement.Global equities broadly firmer; Broadcom slips after Q4 revenue and margin outlooks missed estimates.DXY lower; JPY outperforms, CHF strengthens after hotter-than-expected inflation.Fixed income benchmarks steady; however, US 10yr holds above 4.75%.Energy benchmarks reverse earlier downside following constructive Putin comments.Looking ahead, highlights include US Trade Balance (Jul), Jobless Claims, S&P Services and Composite PMI Final (Aug), ISM Services PMI (Aug), Atlanta Fed GDP (Q3), Canadian Trade Balance (Jul). Speakers include Fed’s Waller, Hammack & Goolsbee.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk