The floodgates are open and sellers are capitalising on it
The September low failed to hold the decline that started from yesterday, and it's been one wave of selling after another and the pair hit lows of 106.85 on the day.
The dollar remains weak in general, which is exacerbating the fall at this point. The Nikkei returned from lunch break and is also down by 1.21% on the day now.
All this and we still have US CPI report due later in the day.
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