USD/JPY drops below 153 in recent trading

The price action across the markets has seen equities here in Europe lurch lower again a moment ago. Scrolling around, there appears not to be a detectable reason for that, but it has come as the Yen gains and oil prices fall further. Of course a lower oil price is beneficial for the Japanese currency, as the country has no oil whatsoever. The USD/JPY just dipped to around 152.97 and that is the first time the dollar has fallen below that level during the European session. The price action is not easy to navigate right now and it is worth noting; US yields are not materially lower right now and Gold is close to European session lows. So, if you are scratching your head, then just remember this is trading folks- sometimes moves simply do not add up to the sum of their parts. The USD/JPY is currently trading at 153.05