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USD/JPY takes a step closer to the August 5 low
Yesterday the USD/JPY continued to fall into the US close. The dollar dropped to a session low at 143.51 and then closed out the US session at 143.74. Earlier today further downside momentum took it to a low at 143.19. That further fall came as the Nikkei 225 dropped towards the 36k handle. The combination of the weaker JOLTS data released yesterday and lower US yields helped to push the dollar lower and that dynamic has not changed yet today. There are some important US data releases later on which might do that, but then again they might not. There will be more to add on those later this morning. The USD/JPY did rebound from that earlier session low today, but stalled at 143.91 and has since fallen back underneath 147.50. It is currently trading at 143.49 and once again the dollar is dropping back closer to the 141.70 low seen on August 5.
Market News
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US stocks slide further into the red- S+P 500 falls below 5,450
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