WSJ: “Some Western Officials Expect Israel to Respond Quickly to Iran’s Attack”

The Wall Street Journal citing 3 unnamed officials:

• Israel could soon respond to Iran’s Saturday attack, according to three Western officials.
• But the U.S. won’t take part in any such offensive operation, the officials said.
• The U.S. is pushing Israel not to do anything that could widen the conflict. “We are not going to participate in any offensive operations against Iran,” an official said.

The weekend news ICYMI

, read from the bottom up for the chronology:

• It’s the most-dangerous moment in geopolitics since the dawn of the Ukraine war

• Iran says it struck an Israeli military base in Nagev

• Pictures appear to show strikes landing in Israel

• Senior Israel official says there will be a ‘significant response’

• Video shows air defense active just above Israel, sirens sound, reports of explosions

• Iran says ‘the matter can be deemed concluded’

• Bitcoin plunges on Middle East war fears

• Iran fires ballistic missiles at Israel

• Iran launched barrage of drones toward Israel

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At times of geopolitical turmoil like this there tends to be flows in ‘safe haven/liquidity’ FX such as USD, JPY and CHF. USTs also a beneficiary of inflows.

Like I said earlier, the response in markets has been subdued so far.

This article was written by Eamonn Sheridan at www.forexlive.com.