Now risk aversion takes hold of the USD/JPY as US yields fall back again

Well, you were warned about the price action likely to be seen in the USD/JPY this afternoon and it sure is volatile and since the last update noted it pushing back above 143.35, the dollar lifted to around 143.90. It is now falling back towards the earlier session low at 142.01. Once again the reader is reminded of the importance of the August 5 low, at 141.70, should that come under threat ahead of the US close tonight. The USD/JPY just now dropped back to 142.25. The reason for that seems to rest with the US stock markets being on the slide and a degree of risk aversion unfolding to send flow back to the Japanese currency. Also to note that US yields are now on fresh session lows too. The US 2 year note has not long ago fallen below 3.65% and that fall is undermining the USD/JPY too. It is currently trading at 142.35