USD/JPY comes under renewed pressure as 108.00 challenged

USD/JPY continues slide

USD/JPY continues slide

The US dollar can’t find a footing.

US Treasury yields tried to push higher early in the day but have flattened out. With that, USD/JPY is back at the lows of the day. The pair is down 77 pips to 108.03.

The pair has broken support today and is trading at the lowest since March 4. A fall below 108.00 would add further selling pressure, particularly if it coincides with a further deterioration in risk appetite. The S&P 500 is down 21 pips to 4163.

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