Flicking the switch to (currency) risk in Asia today
A notable turn around from the US session sentiment in Asia today.
Yen has lost ground, USD/JPY is up 40 or so points from its earlier Asian low. AUD, NZD, EUR all gaining ground against the dollar.
The rally in yen crosses was well underway but then we got the Trump statement he was hopeful on the trade talks, which accelerated the move.
A hope fuelled rally?
Globex equity indexes (overnight trade) - ES is up 20 points from its low.