USD/JPY crumbles to fresh 15-month low

Technical Analysis

Author: Adam Button | usdjpy

US dollar back on the backfoot

What a horrible week for the dollar. Nothing is going right for it.

Stops were hit below 106.30 and the Asian low of 106.18. The downdraft extended to 106.06 with bids at the big figure holding the line... for now.

It could quickly get worse for the dollar with EUR/USD and GBP/USD both within a few pips of session extremes.