Forex: Top FX Headlines: Global Risks Jump as USD/JPY Cracks, S&P 500 Marks Key Reversal: 8/9/17

- A bearish daily key reversal in the S&P 500 yesterday, coupled with further strength from the Japanese Yen, suggests markets are shifting into a 'risk off' mindset as geopolitical tensions with North Korea escalate.
- Now that AUD/JPY and NZD/JPY have slid back, even stalwart pairs like CAD/JPY and EUR/JPY have seen their bullish technical postures break down.

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