The yen fell from the highs against the dollar after North Korea conducted its nuclear test. USDJPY moved towards secondary resistance before consolidating around the 95.21 level. EURJPY was little changed at 132.70 per euro. Japan is geographically close to North Korea; shock news that can unsettle the geopolitical outlook can create increased volatility in the short term – Another reason to always use a Stop-Loss! Long Term the outlook for yen is still bullish.
