USD/CAD, USD/JPY: oil jumps, bonds sell off as Trump spurns Iran offer
US equity futures slid, oil prices jumped and the bond selloff resumed after President Trump spurned an offer from Iran, according to a ZeroHedge market report published September 28, 2026. The source gives no currency moves, prices, pip figures, percentages, technical levels or economic data releases, and it does not name any central bank. The drivers it identifies are geopolitical: the rejected Iran offer points to continued US-Iran tension, and markets responded with a risk-off tone in stocks, higher crude prices and renewed pressure on government bonds. For forex traders, the rise in oil is most relevant to commodity-linked currencies such as the Canadian dollar, which makes USD/CAD a pair to watch. The renewed bond selloff and softer risk appetite are relevant to yield-sensitive and safe-haven flows in pairs such as USD/JPY. Because the source reports no FX price action, traders should confirm currency reactions against live quotes and follow further US-Iran headlines.
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