JPY and CHF making headway as European traders come into the picture
USD/JPY just got a quick drop from 112.24 to a low of 112.02, meanwhile USD/CHF fell from 0.9866 to 0.9855.
Notable equity markets in Asia (Japan, HK, China, Australia even) all ended up in the red and equity futures opening in Europe are pointing in the same direction for European stocks as well.
Meanwhile, US Treasury yields are slipping even further with 10-year yields falling to 2.33% now and German 10-year bund yields are also lower on the day falling to 0.30% from 0.32%.
Update: USD/JPY falls to a low of 112.00 and is testing the 200-hour MA as shown below on the hourly chart.
