USD/JPY has come under renewed downward pressure in late morning trade as US yields edge lower.
Support in the 92.20/30 region has been overcome and now stops below 92.00 are being triggered.
Japan’s about face on the desire for JPY weakness combined with the realization that the Fed will not be hiking any time soon is undercutting the rationale for JPY shorts, somewhat. 91.40 is next support of note.
