Risk aversion picks up
The S&P 500 is near the lows of the day and that's one of the reasons USD/JPY is feeling some pressure.
The main reason is that yesterday's Fed decision has thinned out the crowded US dollar trade and cooled off expectations about four hikes this year.
Below today's low of 112.91, there isn't much in the way of support until the Feb double bottom near 111.63.
