USD/JPY continues its grind lower, squeezing out the longs who jumped into USD/JPY over the last few weeks as US yields surged.
The yield story looks to have flamed out with high oil prices renewing fears that the US and indeed the global economy could slip back into recession if these prices are sustained.
82.20 and 81.80 are support levels if USD/JPY losses accelerate.
Offers are eyed now in the low 82.50s.
