US dollar under pressure as USDJPY falls to support at 119.60

Quite a bit in the mix on this move

USDJPY has lost a quick 20 pips to 119.58 while EURUSD nicks a new high at 1.1238

Looks like another bout of risk off as European stocks hit new lows and the swissy and yen see demand

The crowd is gathering in numbers over this pattern in USDJPY

USDJPY H4 chart

Some focus is being placed on Yellen's speech later, so soon after the FOMC, but she rarely gives us anything new or shocking at public appearances like these

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