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USD/JPY slips below 150

In the past couple of minutes the USD/JPY has seemingly tripped some stops below the 150 handle. Prior to that it had been fighting pretty hard to hold onto that level, but the slight downside drift in UDS yields this morning has caused it dip below that level. The further gains in the Yen today have also helped to lift gold so session highs around $1,996 and given this yen rebound it is perhaps a little surprising the metal has not yet tested the $2k level, but that might yet happen. I think the gold market is still nursing its wounds from Tuesday though which might explain that. The USD/JPY is currently trading at 149.99

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