The current exchange rate of words to pictures is 1,000, or so the saying goes
I posted early prices, well, earlier: Monday opening FX rates - foreign exchange prices, early indications
Long story short is the impact of the US, UK & France air strikes on Syria over the weekend on rates has been very limited - likely accounted for by:
- The passage of time (nearly 48 hours ... an eternity in markets it seems)
- And the 'limited' and a 'one-time shot' (US description of the strikes) nature of the strikes
- the extended build up of expectations (and therefore currency hedges/positioning) in the week prior
AUD/JPY is a mostly useful barometer of geo-pol event impact, and its higher to open the week (so far at least):
It is still early, its just after 5.30 am in Tokyo, its time to move on to the next thing (whatever that may be).
Added ... updates:
