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USD/JPY drops back below 155 as Nikkei dips below 38k
Yesterday the USD/JPY rose to a high at 155.88. However, another bout of risk aversion derived from further headlines surround the UK and Ukraine helped to push the Yen and the dollar higher. That sent the USD/JPY falling back towards 155. It did later steady into the US closing, ending that session at 155.44. However, it has fallen back further today and not long ago it fell to a session low at 154.56. Two reasons to explain that: firstly a fall below 38k in the Nikkei 225 today and second some slippage in those US yields. The markets concern over the current situation in Ukraine is always in the background too. The USD/JPY is right now at 154.85
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