USDJPY still on the back foot as Nikkei posts new session lows

The Nikkei has been under the cosh all day and that has undermined USDJPY

Currently 119.53 with demand noted at the session lows of 119.50 and the Nikkei finding a little support around 17,000 after just posting lows of 16,973.37

Downward pressure to continue on both if we fail to see any real bounce from here

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