Currency markets drift on Iran deal concerns, payroll jitters

Currency markets drifted in early Thursday trade as investors weighed concerns surrounding a proposed US-Iran deal alongside upcoming payroll jitters. In Hong Kong, the Japanese yen struggled to retain its recent intervention gains, holding steady at 157.71 per dollar following two consecutive sessions of weakening.

Simultaneously, the US dollar remained pinned near six-week lows. Market participants adopted a cautious stance as they awaited key employment data while monitoring geopolitical developments in the Middle East.