USD/JPY made a quick move lower, running stops below 156.60 down to 156.20 where it’s bounced.
With the intervention talk in USD/JPY, that’s always a threat but I think this is more a case of stops being set on fears of intervention and triggering some quick selling.
Moreover, the volatility in stocks markets is a drag on this pair.
This article was written by Adam Button at investinglive.com.