The FX markets continue to pile into the CHF and JPY safe-haven trades and unless the BoJ shows it’s hand soon, USD/JPY will be trading under 80. Interestingly, the EUR has slightly out-performed some of the other majors overnight like the GBP, CAD and AUD; this was a phenomenon during the GFC and is worth keeping an eye on if major risk aversion increases. Should be interesting.
Good luck today.
