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Dow Jones slides closer to 40k as USD/JPY reverses earlier gains
The USD/JPY has now reversed the earlier CPI induced gains that saw it eventually rise just above 142.50. The dollar has now fallen back to below that 141.70 mark once more. The move lower comes as all the Yen crosses slide backwards as US stocks slump. The Dow Jones is leading the falls and now it is lower by around 600 points on the session. The losses in the US markets have all come as the US bond markets continue to suffer after the CPI data. The US losses have now weighed on the European stock markets too, as the DAX reverses its earlier gains. The Dow Jones is currently trading at 40,110 and looks like it might soon test the 40k handle today
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