It's all about the yen and the demand is still there as European trading gets underway
USDJPY now fallen to new session lows of 112.33 dragging other yen pairs down too.
Dangerous to get in the way of this move and I still say that any BOJ talk/checking rates would have only limited knee-jerk response, as indeed we've seen already this week.
The lack of any real rally yesterday was a big clue to the accelerated tumble.
Support/demand expected into 112.00-20 but plenty of offers/supply between 112.80-113.00 and once again, as with the SNB, traders will be ill-advised to think central banks can provide the required crutch for ever.
