USD/JPY hits 108.61
In the end, USD/JPY hardly put up a fight as the pair fell below the double bottom at 108.68 and to a fresh low since April.
The April low at 108.13 is crucial now. It's going to come down to the Fed and Jackson Hole but Yellen is about to find herself in a pickle. She can't continue to lean hawkishly without any help from the data. If she eases back to neutral, the dollar will be battered.
