AUD/JPY

News that North Korea is willing to discuss disarming its nuclear weapons if its own safety can be guaranteed has reduced the tension in the region and the Japanese yen has weakened a little as a result.
Global stock markets sold off while safe-haven gold and yen surged higher today.
The Aussie/Japanese yen (AUD/JPY) currency pair has bounced strongly off a key support level today, suggesting that the recent downward trend may have come to a halt, at least for the time being anyway.

Traditional risk assets have surged higher over the past couple of days in reaction to the latest policy decisions from the Bank of Japan and the U.S. Federal Reserve.

The Australian dollar gapped lower at the open overnight on fears Australia’s election deadlock could jeopardize the country’s AAA ratings.  While the result will not be decided until at least