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USD/JPY falls below 143.25 as HKMA suggests its is lightening up on US treasuries
Over the past 20 minutes or so the dollar has fallen back across the board. The EUR/USD has just edged above 1.1340 and the GBP/USD has just lifted above 1.3325. The leader is the USD/JPY, as that has now fallen below 143.25 a moment ago. The US equity futures are lower and so is the DAX for that matter too. News just out from the HKMA (Hong Kong Monetary Authority) has also impacted those moves because they have suggested they are lightening up on US treasury bond duration and holdings. That is not great news for the US currency in the broader sense. That news is adding to the immediate downside in the USD/JPY, which is right now at 143.20
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