Updated Monday early FX rates – a picture is worth a thousand words

The current exchange rate of words to pictures is 1,000, or so the saying goes

Long story short is the impact of the US, UK & France air strikes on Syria over the weekend on rates has been very limited – likely accounted for by:

• The passage of time (nearly 48 hours … an eternity in markets it seems)
• And the ‘limited’ and a ‘one-time shot’ (US description of the strikes) nature of the strikes
• the extended build up of expectations (and therefore currency hedges/positioning) in the week prior 

AUD/JPY is a mostly useful barometer of geo-pol event impact, and its higher to open the week (so far at least):

It is still early, its just after 5.30 am in Tokyo, its time to move on to the next thing (whatever that may be). 

Added … updates: