USD/JPY hits fresh session lows as major Yen crosses crumble again

The USD/JPY has just now hit a fresh session low underneath 152.20. The move lower comes as risk aversion deeps to extend and the equity markets fall further. Comments from BOJ members not long ago have seemingly rattled the markets too, but there is no suggestion yet that the Japanese central bank has been active in the USD/JPY market. So, as the USD/JPY falls closer to 152 the reader is reminded of what was said here earlier about the next important technical level in place at 151.10. The fact that this downside move in the dollar is now approaching 1000 pips from the top of the shop, at 161.95 is continued evidence of a major correction that needed the BOJ to help kick it off. The price action in the USD/JPY is going to remain rapid and fluid all day and you need to be mindful to that and focused, if you are involved. It is exciting for sure, but dexterity and and determination are also required. The USD/JPY is currently trading at 152.33