So much for the USD bounce
As sentiment deteriorates in the stock market, USD/JPY is going down with it.
For much of today, the story was the rebound in the US dollar but that bounce is over and erased. USD/JPY is now down 10 pips on the day to 110.42 and within striking distance of yesterday's low of 110.32.
Anything below that would be a fresh low since September.
Update: And down it goes as the wheels come off the stock market.