The Japanese Yen (JPY) reacted to the North Korean news spiking higher before general risk aversion sent the USD/JPY and crosses heavily lower. AUD/JPY fell below Y81 and EUR/JPY fell below Y111 at one stage before stabilizing. The Yen could be sold heavily if the Korean situation gets worse. Overall the USDJPY traded with a low of 82.77 and a high of 83.87 before closing the day around 83.20 in the New York session.
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