USD/JPY had impressively held the US lows despite the weakness in the US stock market later in the day.
But it was only a matter of time as it just flushed down to the Dec low of 119.25. It’s a bit interesting this year how the FX moves are coming early in Asia while stocks and bonds wait for the US and Europe to move.
Bids are said to lurk at 119.20 and there is said to be more demand at 119.00.
