Yen strengthens after Japan pension shift; oil edges up on Iran tensions

European stocks were little changed Friday as markets settled into a quiet end to the week. Oil ticked higher. WTI crude rose 0.7% to $72.60. US-Iran tensions remained unresolved, with the Strait of Hormuz effectively closed again. US futures pointed lower, with S&P 500 futures down 0.1% and Nasdaq futures off 0.3%.

The dollar was mixed. EUR/USD held flat at 1.1430, and GBP/USD inched up 0.1% to 1.3425. The yen was the day's standout mover, strengthening 0.3% against the dollar to 161.80 after Japan signaled a major pension shift earlier in the session. US 10-year yields edged up 0.6 basis points to 4.547%. Gold slipped 0.3% to $4,107, and silver fell 0.9% to $59.45. The week's quiet tone sets up next week's focus on the US June CPI report due July 14.