The market has turned on USD/JPY, selling it off sharply after it reached the 90.80 level. Traders are blaming EUR/JPY selling for the weakness.
Looks like the JPY buying may be linked to the fixing, judging by the clock on the wall. The sales in USD/JPY and EUR/JPY picked up right at 4 pm London time…
USD/JPY slumped to 90.40 from 90.80 in a flash…
