While the situation in Iran remains uncertain, central banks around the world held policy meetings last week. To account for the surge in oil prices, they all announced outlooks that included maintaining current rates while signaling future rate hikes.
In response, the foreign exchange market showed no clear direction and the dollar weakened temporarily, but the overall trend remained bullish, leading to selling in stocks and government bonds.

Notably, since the MY Dow shifted to a bearish outlook on a weekly basis, both the S&P and the Nikkei were sold off, causing them to shift to a bearish outlook as well.
As this trend looks set to continue this week, it seems prudent to sell stocks.

However, with the end of the month (and the end of the fiscal year in Japan) approaching next week, I expect trading to be of the “quick in, quick out” variety.