USD/JPY has slumped through Fibo support at 94.28, the 50% retracement November/March rally. Stops were triggered below that support level.
A crop of 94.00 barrier options expired today and a few more may still be around, so there could be some protection on dips. 93.60 is the downside target near-term. USD/JPY trades at 94.15.
Gross is on CNBC saying he does not see a US rating cut quickly but that rising debt/GDP ratios are hurting.
