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Nikkei 225 defies US gains and pushes USD/JPY below 141.00
The USD/JPY has fallen back below 141.00 today. The dollar was under pressure heading into the US close, where it ended that session at 141.82. The fall to below 141 today has delivered a fresh interim low at 140,65, slightly surpassing the low at 140.70 set on Wednesday, at 140.71. The fall in the USD/JPY has allowed for further gains in the EUR/USD and the GBP/USD, but more on those in updates to follow. So, as you can see, this is not just about the Yen, it is about the dollar and the currency has not been helped by comments from the Fed Governor Dudley who said he sees a 0.50% rate cut from the US Central Bank next week. Also the Nikkei falling and closing closing lower today has helped the Yen advance. The USD/JPY is just now trading at 140.83
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