That giant gagging sound you hear is EUR/JPY longs expunging positions at a rapid clip. Risk aversion is on the rise with geopolitical concerns from Iran and North Korea on the radar and stocks coming under intense pressure early in the NY session.
Selling in the cross accelerated with the lose of 135.95/136.00 support; 135.27 is next support of note.
EUR/JPY has dragged EUR/USD to new lows on the day at 1.3829 before a bounce.
