E-minis are down on the day so far
There’s some hints of nervousness seen across risk assets for the time being with yen pairs also weighed lower on the day. It’s not too surprising to see some traders flocking to haven assets as a safety net ahead of events like this, but let’s see how things develop when US traders join the fray.
USD/JPY is basically flat now at 113.18 after having touched one-month highs of 113.45 earlier in the session. The positive thing for risk is that AUD/JPY continues to hold near the highs trading at 81.85 at the moment.
It’s now all about polling and the results to come over the next 24 hours, so be on the look out for headline risks to come as exit poll results start to trickle in later in the day. Polls over in the East Coast have opened and that will be followed up by the rest of the states in the coming hours so let’s get the party started!