USD/JPY down through the 100 and 55 dma’s at 98.97 and 98.73 and also the 55 h4ma at 98.74 as another wave of selling hits.
Just as I type we’re getting a small bounce back up to 98.82. I’m out my long for a small loss as I don’t like the look of it. I was fearful that we’d get another round of selling and although it’s taken longer than I thought it looks to be coming.
Stocks look to be the driver reversing the opening gains and now hitting the lows. The S&P is now down 7 points to 1645. US 10 year yields also giving back the gains made over the last couple of days hitting a low of 2.86%. Additional pressure for the dollar also.
