EUR/JPY is already 100 pips higher this morning, from 135.20 to 136.20, and the important 136.50/137.00 level we mentioned earlier is almost upon us. The going should get a bit tougher from here but one can almost feel the optimistic winds of change blowing through the marketplace.
I do not believe that the North Korean missile launch is the main reason for JPY weakness but it is probably a contributing factor.
