USD/JPY up 60 pips
FBI Director James Comey released a statement saying "we have not changed the conclusions that we expressed in July with respect to Secretary Clinton."
The note essentially clears Hillary Clinton and removes a cloud over her candidacy and potential Presidency.
Trading is very thin at the moment but USD/JPY has climbed 60 pips to 103.70.
I think this is a tremendous opportunity to get long the pair, or short EUR/USD or any of the other trades that have been beaten up over the past week on fears Hillary could lose.
The other reason for making those trades is that it looks like Democrats in Nevada are turning out in huge numbers. Around 70% of the state's voters cast ballots early in the past election and numbers so far look to be even higher. Among registered Republicans and Democrats, the number of Democrats who have voted is six percentage points higher.
It's dangerous still to make a big bet on Hillary Clinton through the results but from market open until midday Tuesday, I think the trade is 'risk on' and long USD.
