USD/JPY down to a low of 112.89, its lowest since 10 November
This comes amid the risk averse mood in the market, that has seen Treasury yields tumble with 10-year yields now down by over 8 bps to 1.445% on the day.
The push below 113.00 is seeing sellers push for a break below near-term support close to the figure level, setting their sights on the November lows around 112.72-77 next.
A break below that will spell more danger for USD/JPY (and yen pairs in general) with little support all the way towards the 112.00 handle.
