USD/JPY is trading on session lows and its difficult to see this pair turning around before the NY close today. Yen crosses continue to dive as well with the market buying yen across the board tonight. The poor US GDP numbers are seeing those that had held on after the BOJ kept rates steady (ie no additional QE) in the hope of a bounce tonight finally bailing out. USD/JPY was last at 97.88, the 21-DMA is just below at 97.59 and i maintain my view that we are heading to 95.72 before i reasses.
