US media reports that the US and Iran plan to hold talks on Wednesday, but Iran insists it has no plans to negotiate!

· Kuwait declared force majeure affecting oil shipments due to disruptions in the Strait of Hormuz. This news is bullish for crude oil. · The Bank of Japan may not raise interest rates at its April meeting. This news is bearish for the yen. · A magnitude 7.7 earthquake in Japan triggered a tsunami. This news is negative for the Japanese yen and Japanese stocks.