USD-JPY dove under 112.00 in Tokyo trading after North Korea threatened to detonate an H-bomb in the Pacific. The pair left a low at 111.65 before settling and recouping the 112.00 level during the London AM session. The dollar posted declines against other currencies. EUR-USD rallied to a peak of 1.2004 following much stronger than expected flash September PMI survey readings out of Germany and France. The pair subsequently ebbed back to around 1.1970 but remain some 25 pips up on the day.
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