USD/JPY is down 40 pips to 144.45 and that's wiped out about half of last week's gain. The dollar is also solidly lower against the pound, euro and Australian dollar.
"This moment calls for decisive leadership. The president will not tolerate rioting and violence," wrote JD Vance on twitter in the last half-hour.
I tend to think that these things blow over but you never know. So long as it remains contained in L.A. I don't see problem but if we see other protests, then it could legitimately weigh on the US dollar. Also notable is that a series of Waymo cars was lit on fire and I think self-driving cars will increasingly be the target of protesters.
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