On May 27, the yen traded near 159.20 per dollar while Brent crude approached $100 per barrel after U.S. strikes on Iran and reported ceasefire violations. Japan's Nikkei index rose 1.8 percent to a record, MSCI Asia-Pacific shares gained 1.2 percent, and markets priced roughly 70 percent odds of a quarter-point Bank of Japan rate hike. Bank of Japan Governor Kazuo Ueda warned of a potentially persistent oil shock, and U.S. Secretary of State Marco Rubio stated that negotiating an end to the conflict could take several days.