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USD/JPY extends downside move towards 148
Since the last update here on the USD/JPY and then on the Nikkei 225, the Nikkei futures have fallen back further and that has had a negative impact on the USD/JPY, as one might expect. So, now the dollar is falling back further and close to the 148 handle just now. The move lower here is also pushing the major Yen crosses lower and all of those have been impacted by the rebound in the Yen. At the same time, the move lower in the Nikkei futures is further undermining the outlook for the US equity market opening this afternoon. The USD/JPY is just now trading at 148.12
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