Fresh challenge of the Asian lows

The earlier low of 106.18 in USD/JPY is under pressure as stock markets slip into negative territory.

What stands out is the lack of any substantial bounce despite the fall to a 15-month low.

There is no significant support nearby, although there is the pre-US election high of 105.53.

Overall, it looks dire for the dollar and there are so many vulnerable spec longs in this pair.

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