Reuters reporting increased activity announced by a senior govt official

  • Obama has authorized talks with Iraq's Abadi on creating a special operations task force to target IS
  • US will deploy additional aircraft to Turkey to intensify air campaign
  • will place new special operations force in Erbil (N Iraq)
  • will "intensify" co-operation with Iraq with respect to retaking Ramadi
  • US will expand security assistance to Jordan and Lebanon

All gonna end in tears.. More tears indeed

Expect some safe-haven plays as the situation worsens

USDJPY near session lows at 120.40 as is USDCHF at 0.9855