We’re down at 79.26 having been as low as 79.21.
Against the general risk off backdrop US treasury yields have come lower, and this will be weighing on USD/JPY. The benchmark 10 year treasury yields 1.5911% compared to the 1.6131% I was seeing before I headed for the hills Monday.
Reports have buy orders now clustered 79.20 down to 79.00, sell stops below there and more through 78.90.
Topside, sell orders remain clustered 79.50/65, buy stops gathering in the 79.65/70 area.
