USD/JPY sets fresh session lows as early volatility impacts European stocks

If you care to look at the European stock markets right now, you will notice some pretty sporadic price action and the vista across the CAC, DAX and even the FTSE is more volatile in terms of immediate gyrations than it has been all week so far. The reason for that is surely die to a degree of uncertainty on a number of fronts greeting early trade this morning. The EUR/USD just now lifted to its best levels of the week as it now approaches the 1.0850 level. The reader is again reminded of that key level in place at 1.0869. At the same time the USD/JPY just hit a fresh session low underneath 153.08. It has not extended much at all yet, but that is not to rule out such a move. The markets are pretty nervous out there it seems. The USD/JPY is currently trading at 153.11