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EUR/JPY falls further below 170 as Yen gains extend

The major Yen crosses are now seeing further strength for the Japanese currency. The USD/JPY has now fallen below 157 and the EUR/USD is at session lows. That has sent the EUR/JPY further below the 170 handle. The EUR/JPY closed in the US last night at 170.28. The low set just now was at 169.25. This is all seemingly due to risk aversion, as noted here earlier today. This is delivering what might be a long overdue downside correction in those Yen crosses. The likes of the AUD/JPY, GBP/JPY and CAD/JPY are all lower this morning too. The EUR/JPY is just now trading at 169.30
 

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