Yen crosses slipping
USD/JPY has fallen back under 113, dragging yen crosses lower.
AUD/JPY notably, AUD/USD had fallen earlier in the session and is near its lows as I post.
there is no fresh news apart from what has already been posted. It hasn’t been a good news day (it rarely is) with:
- further concerns emerging out of China’s property market
- the Fed financial stability report painted a picture of risks ahead
but, its not like any of these are new to us. And, there was some not bad news also – Australian business conditions and confidence are on the improve (and, to be fair, this is fharly new or surprising given circa 50% are coming out of lockdown).
Still, AUD/JPY has not had a good one, extending its losses from last week: