investingLive Asia-Pacific FX news wrap: Two week pause/ceasefire sends oil plummeting.The key development early in the session was U.S. President Donald Trump announcing via a Truth Social post that he would pause military strikes on Iran for two weeks to allow negotiations to proceed. Trump said Washington had received a 10-point proposal from Tehran and viewed it as a workable basis for a broader agreement, adding that many major sticking points had already been resolved.

Israel's PM Netanyahu supports Trump's decision to suspend attacks on Iran.Israel's PM Netanyahu supports Trump's decision to suspend attacks on Iran

Iran ceasefire offers rupee major boost ahead of RBI policy; oil plummets.The Indian rupee is set to open higher on Wednesday in the run‑up to the central bank's policy decision, buoyed by plunging ​oil prices and the rally in Asian currencies after a two‑week Middle ‌East ceasefire.

RBNZ Holds, Warns of “Decisive” Hikes if Inflation Expectations De-Anchor.The Reserve Bank of New Zealand held the Official Cash Rate at 2.25% as expected, but struck a clearly hawkish tone, warning it stands ready to deliver “decisive and timely increases” if inflation expectations begin to de-anchor. The decision underscores a policy stance that is on hold for now, but increasingly alert to upside inflation risks.

AUD/JPY Price Forecast: Gains momentum, bullish bias prevails above 100-day EMA.AUD/JPY Price Forecast: Gains momentum, bullish bias prevails above 100-day EMA

Australian Dollar Soars as Iran Ceasefire Fuels Risk-On Rally.The US and Iran agreed to a temporary, conditional ceasefire on Tuesday, prompting the Australian dollar to lead the risk-on rally for FX on what is now dubbed Trumps' Taco Tuesday.

Harvard economist urges Japan PM Takaichi to respect central bank independence.Japan must respect central bank independence to prevent unwelcome rises in bond yields, former IMF ​chief economist Kenneth Rogoff told Prime Minister Sanae Takaichi at ‌a meeting of the government's top economic council, minutes of the meeting released on Wednesday showed.

Oil Drops Below $100 on US-Iran Ceasefire, But $80 Seen as Floor Without Peace Deal.Oil's immediate slide from around $115 to below $100 shows markets are embracing the US-Iran ceasefire and unwinding war premium. But with no peace deal in place, prices are likely to hold above $80 as residual risk remains.

NZ central bank holds cash rate at 2.25%, adopts cautious stance amid Iran war.New Zealand's central bank held its benchmark official ​cash rate at 2.25% on ‌Wednesday, as policymakers opt for caution as they gauge the fallout from ​the Middle East war ​and surging oil prices on the ⁠Pacific nation's fragile economy.

New Zealand RBNZ Interest Rate Decision meets forecasts (2.25%).New Zealand RBNZ Interest Rate Decision meets forecasts (2.25%)

EUR/JPY trades near 185.00 after losing recent gains.EUR/JPY trades near 185.00 after losing recent gains

WTI Price Forecast: Seems vulnerable near $90.50 as technical breakdown comes into play.WTI Price Forecast: Seems vulnerable near $90.50 as technical breakdown comes into play

US Dollar Index softens to near 99.00 as Trump agrees to two-week ceasefire, FOMC Minutes loom.US Dollar Index softens to near 99.00 as Trump agrees to two-week ceasefire, FOMC Minutes loom

Bank of Korea to hold rates at 2.50% as war-driven uncertainty persists.The Bank of Korea will keep its key interest rate unchanged at 2.50% on Thursday and for the rest of the year, a Reuters poll ​forecast, as policymakers assess the impact of the Iran war on domestic cost pressures.

Canadian Dollar gathers strength as Trump suspends US attacks.Canadian Dollar gathers strength as Trump suspends US attacks

Iran continues attacks in the Middle East and on Israel, despite the ceasefire.Iran continues attacks in the Middle East and on Israel, despite the ceasefire

Rupee has a 3rd good day, rises 9 paise to 92.98.The Indian rupee strengthened for a third consecutive day, closing at 92.98 against the US dollar. This rise reflects anticipated unwinding of lender positions in overseas markets.

Japan Current Account n.s.a. below forecasts (¥3549B) in February: Actual (¥3.933B).Japan Current Account n.s.a. below forecasts (¥3549B) in February: Actual (¥3.933B)

Iran's Foreign Minister: Safe passage of Hormuz will be possible for two weeks.Iran's Foreign Minister: Safe passage of Hormuz will be possible for two weeks

Investor reactions to Trump agreeing to two-week ceasefire with Iran.U.S. President Donald Trump said on Tuesday that he had agreed to a two-week ceasefire with Iran, less than two hours before his deadline for Tehran to reopen the Strait ​of Hormuz or face widespread attacks on its civilian infrastructure.

Japan Labor Cash Earnings (YoY) came in at 3.3%, above forecasts (2.7%) in February.Japan Labor Cash Earnings (YoY) came in at 3.3%, above forecasts (2.7%) in February

USD/JPY retreats from 160.00 as ceasefire crushes Oil premium.USD/JPY retreats from 160.00 as ceasefire crushes Oil premium

EUR/USD, EUR/JPY Forecast: Euro Surges as Trump Signals Iran Deal.Donald Trump has signalled the US and Iran may be nearing a lasting deal to end the Iran war, posting on Truth Social moments ago that he has agreed to a two-week ceasefire, conditional on Iran reopening the Strait of Hormuz. He also said the US has received a “workable” 10-point proposal from Tehran, adding that almost all key points of contention have already been agreed, with the two-week window intended to finalise the agreement.

WTI Crude crashes below $90 as Trump suspends Iran strikes, but will it last?.WTI Crude crashes below $90 as Trump suspends Iran strikes, but will it last?

South Korea Current Account Balance climbed from previous 13.26B to 23.19B in February.South Korea Current Account Balance climbed from previous 13.26B to 23.19B in February

Breaking: US President Donald Trump delays bombing for two weeks.Breaking: US President Donald Trump delays bombing for two weeks

NZD: RBNZ seen steady as markets overprice hikes – TD Securities.NZD: RBNZ seen steady as markets overprice hikes – TD Securities

USD/JPY Outlook: US Dollar Stalls at 160 as Nikkei Eyes Gains.USD/JPY is showing signs of fatigue after stalling at the key 160 resistance level, with bearish divergence hinting at a potential pullback. At the same time, Nikkei 225 futures are building a constructive base above 50k, supported by the prospect of a stronger Japanese yen.

USD/JPY tests 160.00 as ceasefire uncertainty keeps the Yen under pressure.USD/JPY tests 160.00 as ceasefire uncertainty keeps the Yen under pressure

Fed's Jefferson sees risks to both employment, inflation.Federal Reserve Vice Chair Philip Jefferson on Tuesday reiterated his view that short-term borrowing costs are set appropriately to allow the central ​bank to respond as needed to the uncertain effects of rising ‌energy prices and the conflict in the Middle East on the Fed's two mandates of price stability and full employment.