Nasdaq down -1.58%
The US stocks continue their slide. The Dow fell about -470 points at the low. The Nasdaq fell -116 point or around -1.60% at the lows. The S&P is down -33 points currently or -1.23%.
The USDJPY has moved to the 108.70 level which was the close from yesterday's trading. Typically, there is a stall when the price retraces back to unchanged after a bigger gain (or loss) - at least temporarily.
A move below will look toward the 108.469 level which is the broken 38.2% of the move down from the November high (see daily below).
Holding keeps the waters muddy but 108.92 area would be eyed as resistance.
