Overnight Forex Wrap: USD/JPY Tumbles Some 50 pips Since London Open

Overnight Forex Wrap: USD/JPY Tumbles Some 50 pips Since London Open

USD/JPY has tumbled some 50 basis points since the London open, logging lows so far near 108.40. This brings back into scope the 108.33 low seen in the early Asia-Pacific session. Dollar weakness and safe-haven demand for the yen are driving the move. North Korea has escalated tensions by launching a missile over Japan, which comes with shaky political situation in Washington D.C., and as markets try to assess the […]

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