Reuters reporting latest developments in the Saudi Arabia/Iran crisis

  • Bahrain cuts diplomatic relations with Iran following the storming of Saudi missions

The news is not so surprising but will add to market fears/uncertainty that the situation could escalate further

Meanwhile USDJPY is still on the back foot at 118.86 but not making new lows as yet and EURUSD is flirting with 1.0900 with demand also expected in any dips to 1.0885 still