USDJPY moves back lower. Stocks and yields slide

USDJPY dips below the 100 hour MA

With stocks moving to the red (Nasdaq down -0.42% and S&P down -0.36%) and the US yields moving lower again as well, the USDJPY is moving bavk lower. The price moved below the 100 hour MA at 110.336. The old ceiling at 110.24 is still a level to get below if more downside is eyed.

As Adam points out, the odds in the market are increasing for a cut in rates by the Fed.