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USD/JPY falls further to take out previous low at 141.87

Since my last update the slide in the dollar has now spread to the USD/JPY. Prior to that the USD/JPY was lower anyway, but holding up pretty well. The further slide came into and after the 4pm spot Year-end fix. That has seen the USD/JPY slide, from around 142.40, to a new interim low a short while ago at 141.83. That just surpassed the previous interim low set last Friday, at 141.87. It is hard to say whether this has gone far enough to have tripped some stops below 141.87, but that might have been the case, depending on how close those were to 141.87. The other impact, notwithstanding the gains seen already in the GBP/USD and the EUR/USD, was to push back the GBP/JPY and the EUR/JPY from their earlier highs. The USD/JPY is currently trading at 141.97
 

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