Besides the market event risk with the Central Bankers holidaying in the beautiful Jackson Hole, the other potential risk the market cant ignore is Trump v Kim. The US starts its annual 10 day long war games with Korea today. Perfect timing with tensions at almost breaking point ! North Korea has already responded that they view this exercise “reckless behavior driving the situation into the uncontrollable phase of a nuclear war.” Risk is North Korea test fires more missiles. A missile landing off the waters of Guam and try a find a bid in risk assets ! S+P has printed a weekly key reversal and Dow a double top… so in the equity space negativity will be punished. Risk crosses in the currency space are still at very elevated levels .. and on the way down they usually go express. Makes sense to have a short in either AUDYEN or KIWI/YEN.