USD/JPY cracks 111.00

Best level in two weeks
USD/JPY is in the midst of its biggest climb since February 9. It’s now up more than 130 pips as 111.00 gives way.
The risk trade is feeling good about the French election and all the goodies that Trump is talking about rolling out this week. But you have to wonder if it’s setting up for a sell-the-fact trade. Trump has promised the biggest personal and corporate tax cut in history but there will be strings attached.