USDPY and Risk on in general

Trump trade has had a beautiful run so far. No complains. Was needed.
It looks to be aging now though. Would be smart to book profits if you are already in there.
The honeymoon period would be over when the president-elect becomes the president. Or likely before that.
If this holds, naturally, all risk on assets should go down. Spx ( See my recent post) would be a casualty. DXY likely so. And commodities are wild card.