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ForexLive Americas FX news wrap: USD/JPY breaks down

Discussion in 'Market News' started by ForexLive, Feb 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Forex news for US trading on Feb 8, 2016: - Gold up $17 to $1191 - WTI crude down 89-cents to $29.98 - US 10-year yields down 10 bps to 1.73% - S&P 500 down 32 points to 1848 USD/JPY took out major support near 115.50 as it fell 230 pips from the highs at the start of European trading. It was a non-stop cascade of stops into the London fix, when it hit a session low of 115.18. It bounced to 115.80 from there and consolidated; getting some support late as stocks pared losses. The close is key here.

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