Stocks trade to new session lows. Yields lower. Gold up near $10
The USDJPY is down testing its 100 day moving average at 108.715. US stocks are trading at lows (S&P down -0.73%), yields are moving lower (10 year down 5.3 basis points), and gold is up nearly $10 at $1584.
The 100 day moving average is broken in trading yesterday on the way to a the lowest level since January 8. A move below the 100 day moving average would have traders looking toward the low for the week at 108.577, followed by the 200 day moving average at 108.441.
