The Australian dollar is on the slip from late Friday levels early trade had it around 0.7260 and its still there
This is weighing on the opening hot potato game:
Check out the link, its not just trade tensions but a diplomatic spat also - surrounding China perhaps contravening US sanction on Russia
This is a negative for risk, exacerbated by the very thin liquidity conditions that will be tested further today with Japan out on holiday (and others)
With risk a bit on the nose (smelly) yen is a bit better so far, USD/JPY around 112.45, down from late Friday just a few points.
