The reported barrier has been breached at the first time of asking
To me that demonstrates the size/momentum of the risk-off/yen-demand plays right now with 110.50 offering little defence blowing straight through to 110.45, levels not seen since Oct 2014.
That may have been the last of it course as we can't rule out one final attack to drive through and trigger a few stops. We'll know soon enough as any lack of rally will confirm expectations of a continued move lower.
Tech support around 110.20 with another reported barrier option with strong defence at 110.00.
Yen-pairs all on the back foot and dragging core pairs lower.
