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USD/JPY Falls To Multi-Month Lows

DOLLAR-YEN
USD/JPY continues to lose altitude, having a look under Friday's lows.
The rate last sits at Y105.62, 52 pips wose off, after showing at its
worst levels (Y105.61) since mid-March.
  • Little on the news wires to drive the move, broad-based USD weakness
    remains the key driver.
  • Next support at Y105.21, which represents the 61.8% retracement of the
    Mar 9 - 24 rally. Below there opens the lower 2.0% 10-DMA envelope at Y104.70.

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