Risk on, tariffs off

Well, we said we needed a catalyst to push risk one way or the other for a mixed start to the day and this is a good shove towards risk on sentiment. We know the market is really focused on US-China tariff announcements and this is a boost for risk sentiment. AUDJPY buyers have immediately entered the market and 1st target for buyers would be the 73.20 level overhead. Any news that negates or sours this risk on sentiment will see those buyers disappear as quickly as they came.

Risk on, tariffs off