USD/JPY gets some reprieve as Nikkei pares post-lunch losses

Author: Justin Low | Category: News

USD/JPY now back up to 107.14 after lows of 106.85 earlier

The Nikkei 225 is now only down by 0.26% on the day, after at one point falling to over a 1.21% decline.

That is easing some of the pressure in USD/JPY, and in turn helping to provide some relief for the dollar against the other major currencies as well. EUR/USD is back down to 1.2378 while GBP/USD has fallen back below 1.3900, now to 1.3895.