Yen Extends Gains
The Yen has extended its gains through the Asian session and is now teh strongest performer in the G-10 space. The ¥148 handle has been breached and we sit at the lowest level since early-October. The advance in the Yen has been seen alongside US Tsys recovering from session lows and strength in regional equities.
- USD/JPY prints at ¥147.80/85, support comes in at ¥147.43, low from Oct 3 and key support. A break through here opens ¥145.91, trendline support drawn from Mar 24 low.