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Nov 15 - 04:55 PM

USD/JPY - Sinks As Risk Tone Deteriorates

By Robert Fullem  —  Nov 15 - 02:45 PM
  • USD/JPY slides nearly three big figures to 153.86 on EBS as slumping U.S. share prices amid Fed policy uncertainty triggers yen short-covering

  • Fed Boston President Collins said in an WSJ interview that another rate cut in December is on the table

  • Pair takes out stops beneath 155 pivot level and the 154.71 Nov. 6-7 double-top

  • Yen crosses are also broadly lower with GBP/JPY sinking to a one-month low

  • USD/JPY drop stalls near its Ichimoku conversion line and Oct. 28 high at 153.86-89

  • Focus turns to a speech by BOJ Governor Ueda on Monday

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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