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USD/JPY breaks through 120.00 as sentiment wilts

Discussion in 'Market News' started by ForexLive, Feb 2, 2016.

  1. ForexLive

    ForexLive Forum Member

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    USD/JPY now down more than 100 pips on the day Kuroda cleared out the USD/JPY shorts but now they're creeping back in. Sentiment is unwinding and the S&P 500 is now down 40 points, or 2%, to 1898. A big factor is falling yield differential as US 10-year yields drop 9 basis points to 1.8555%.

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