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USD/JPY falls below 142 as dollar slips across the board
Following on from earlier updates here on the Dollar, Yen, Pound and Euro, dollar has lost more ground. The EUR/USD is still grinding higher and pushing to around 1.1385 now, endorsing what was said here earlier about its reaction function to the ECB rate cut. At the same time the GBP/USD is higher too and just now reaching session highs near 1.3275. The USD/JPY has also dropped further and now fallen below the 142 handle for the first time since the European opening. That seems to be once again leading the way in terms of dollar weakness and that all comes as the US stock markets continue to flounder. The Dow Jones is now approaching the 39k handle and the S+P 500 has just this moment fall into negative territory below 5,275. The Nasdaq 100 is now in the red too, approaching 18,200. The USD/JPY is right now at 141.96
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