A soft pending home sales report and the continued bleed in European stocks has spread to broader markets.
- The S&P 500 is at a session low, down 11 points.
- US 10-year yields are back to unchanged at 2.46%
- USD/JPY is just a pip above the overnight low of 101.75
Aside from the housing data, the Bank of Israel cuts, fighting in Ukraine and uncertainty about the Fed has the market on edge.
There is chatter about stops in USD/JPY below 101.70.
