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USD/JPY falls below 152 as US yields slip again
The USD/JPY has now taken out the noted 200 day moving average, at 152.00. The fall has taken the dollar down to around 151.85, as it surely seems to trip stops in place below 152.00. The further fall in the dollar here has allowed the EUR/USD to now vault the 1.05 handle and also assisted the GBP/USD a little higher too. The further falls in the USD/JPY have also helped gold to push ever closer to the $2,650 handle. The move lower in the USD/JPY have stemmed from a drop in US yields right now. The 10 year note is now slipping to the lows seen yesterday afternoon and it will be a key driver in deciding, if the USD/JPY might rebound, or fall further from here on. The USD/JPY is currently at 151.85
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