The cross has been kicked down sharply from early highs of 113.57, which has impacted on both components. Some marginal support around 112.50, but below here is yesterday’s low of 111.45.
The cross selling has dragged USD/JPY down towards the early Tokyo lows of 78.22., with early reports of some solid bids left around 78.20 possibly revisited soon.
Dollar is at 78.34 with the euro at 112.58
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