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USD/JPY falls back as European stocks lose more traction in early trading
The lower opening for the European stock markets has now delivered a deeper decline. The FTSE 100 iOS dropping back towards 8,050 and the CAC 40 is drops back towards 7,175, as the DAX slips below 17,450. At the same time the price action remains very sporadic and fast changing. The move lower in European markets comes as the Nikkei futures drop into the red now and that is supporting the Yen and pushing the USD/JPY back closer to the earlier session lows. The USD/JPY based out earlier today at 145.44. It is currently trading at 145.65
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