JPY crosses/USD/JPY

CEFP and North Korea send USD/JPY higher

Take your pick; more talk on the Council for Economic and Fiscal Policy (CEFP) will meet soon to promote more aggressive easing and other policies to stimulate the economy; also BBC reports that North Korea plans more long-range missile tests.

Probably a combination of the two, along with short covering after the Chinese PMI, are the likely reasons behind the rise in USD/JPY.

Stay in range trading mood is my view, and use rallies as selling opportunities.

  1. That’s what I think Papillon, the Apple share price fall might sour risk sentiment across other mkts eventually. Fairly cheap trade to sell here at 9400 with tightish stop above 9440ish??

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