EU is said to mull tariffs on US steel, denim, bourbon - Bloomberg

Headline via Bloomberg

So far nothing more than a headline from Bloomberg. But it's not that surprising to hear claims like these, but certainly doesn't help with market sentiment.

The market is just about getting used to trade concerns, but then if more of this stuff keeps coming up we'll see more of the same risk-off trades start to creep back in.

In fact, we're seeing the yen start to gain some ground again. USD/JPY to session lows of 106.09, EUR/JPY to 130.99, and GBP/JPY to session lows of 146.70.

You poke me, I poke you. What applies in the playground applies to the real world too.

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