A spurt of yen buying has sent core pairs lower
EURUSD and GBPUSD have taken a tumble as yen buying is seen across the board. Cable is down to 1.3160 from 1.3195, and the euro is down to 1.1768 from 1.1815.
USDJPY has crashed under 113.00 to 112.54, GBPJPY has done worse and is now down over 120 pips to a 148.15 low.
There’s no headlines I can see behind the moves but it’s looking very ‘risk off’ as swiss pairs are dropping too. Looking around, US bond yields are dropping also with 10’s down to 2.315% from around 2.35%
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