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JPY: Broader selling emerging

JPY
  • The Yen is taking a leg lower, at session low against the USD, GBP, EUR, but no spillovers into the AUD as of Yet, even with the Risk tone clearly On.
  • USDJPY targets that 149.50 area where it found some good resistance last week.
  • The move seems to be more Equity led, given the lack of price action in Yields, and the Emini now just 5 points of the record high.
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  • The Yen is taking a leg lower, at session low against the USD, GBP, EUR, but no spillovers into the AUD as of Yet, even with the Risk tone clearly On.
  • USDJPY targets that 149.50 area where it found some good resistance last week.
  • The move seems to be more Equity led, given the lack of price action in Yields, and the Emini now just 5 points of the record high.