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USD/JPY Gaps Down as North Korea Successfully Tests Hydrogen Bomb on Weekend
The words North Korea, Hydrogen Bomb and Success isn’t something that you want to hear strung together when you’re enjoying a lazy weekend, but we can’t always get what we want and markets reacted accordingly on the open: As you can see on the intraday chart, USD/JPY gapped down hard on the open, but immediately found support at Friday’s NFP inspired swing low. Remember when nothing would overshadow an NFP Friday? Crazy times! The gap fill level is marked and this level will be our barometer as to how seriously markets take this further escalation when it comes to North Korea and the threat of war. Just keep ... (full story)