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JPY: USD/JPY Slips to New Daily Lows, Some Eye Tel Aviv Rocket Headlines

JPY
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  • USD/JPY slipping to new daily lows - rate sheds around 50 pips over a few minutes on no new headlines or dataflow - JPY futures show a decent volume spike at 1414BST/0914ET, with over 3,500 contracts changing hands inside 60 seconds, making for comfortably the largest volumes of the day so far and topping that seen in the PPI reaction. 
  • Further weakness through today's lows exposes 146.68, the 23.6% retracement of the bounce off the pullback low printed in early August.
  • Some eyeing reports of explosions being heard in Tel Aviv, with Israel's N12 News reporting that rockets launched from Gaza had landed off the coast - no casualties reported so far. Would mark the first time in a few months that rockets had been launched from Gaza into central Israel.
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  • USD/JPY slipping to new daily lows - rate sheds around 50 pips over a few minutes on no new headlines or dataflow - JPY futures show a decent volume spike at 1414BST/0914ET, with over 3,500 contracts changing hands inside 60 seconds, making for comfortably the largest volumes of the day so far and topping that seen in the PPI reaction. 
  • Further weakness through today's lows exposes 146.68, the 23.6% retracement of the bounce off the pullback low printed in early August.
  • Some eyeing reports of explosions being heard in Tel Aviv, with Israel's N12 News reporting that rockets launched from Gaza had landed off the coast - no casualties reported so far. Would mark the first time in a few months that rockets had been launched from Gaza into central Israel.