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EUR/JPY takes a hit below 170 as USD/JPY falls to fresh session lows just under 156
Since the European stock market opening the Yen has strengthened again and now the USD/JPY has fallen to fresh session lows a moment ago, as it approaches the 156 handle. That move in turn has forced the major Yen crosses to corresponding session lows too. The GBP/JPY has now fallen to below the 202 handle, close to 201.50 and EUR/JPY has gotten crunched too. An earlier update here noted how you the reader should focus more on that cross right now, than on the EUR/USD. Well, as you can see that was the right course of action, as the EUR/JPY slides to below 169.75 right now. At the rime of the last update on the EUR/USD it was closer to 170.50
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