How much will it be? EUR/JPY braced for more volatility

Yesterday, as noted here at the time, the fall in the EUR/JPY to a new session low just under the 158 handle was reversed and rapidly too. That was all due to the breaking headline news on Mexican trade tariffs. So, the EUR/JPY spiked from around 157.98, to later reach levels above 160. That rebound was extended at the start of the Asian session today. The Euro reached 160.48, after closing in the US last night at 160.06. Whilst the outlook this morning is clearly more positive, we need to remember that the very next comment from Trump can send this into a tailspin again. What we do know; is Trump wastes no time in doing what he says he will do. When it comes to tariffs on Europe, he has a bee in his bonnet about correcting what he sees as an entirely unbalanced trade position between the EU and the US. Hence, whilst the EUR/JPY might be higher right now today, this one is not out of the woods yet by any stretch. So, keep your eyes and ears peeled folks. The EUR/JPY is right now at 160.25