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Major Yen crosses take a hit as USD/JPY hits fresh session lows
A short while ago the USD/JPY fell back underneath 143 again and the delivered a new session low for the dollar, close to 142.75. At the same time, both the EUR/USD and GBP/USD have slipped too and the GBP/USD has dropped back below its 21 day moving average again. The EUR/USD is very close to session lows around 1.1025 and so both the EUR/JPY and GBP/JPY have taken a hit. The thing is; there is no real fresh risk based news to deliver this and it could just be all about price discovery? That reminds to be seen though. The USD/JPY is currently trading at 142.86
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