Kyodo reports that Japan has told China that now is not the time for six party talks on North Korea.
Geopolitics have burst back onto the market’s radar after Wikileaks revealed that China is less supportive of North Korea than thought and that they are open to the idea of Korean unification so long as US troops remain below the present demilitarized zone which separates North from South…
EUR/JPY has been getting hammered along with EUR/USD, helping drag down USD/JPY. The BIS has been a repeated seller of USD/JPY during the early part of the US session and continues to sell hear in the 83.50s.