USD/JPY and the AUD/USD are weakest in Asian trade, after the missile test from North Korea. As expected there has been a distinct risk-off tone – however the USD/JPY has retraced some of the early losses.

As is stands the Yen has rallied against the USD with the USD/JPY down 0.35% with the AUD/USD also at simlilar levels. I'll be looking to stay short the USD/JPY as European traders enter for the day.