USD/JPY losses accelerate on the day, under 146.70 now

I posted earlier on the lack of any obvious catalyst for the gains in JPY:

• USD/JPY extending its losses today

That’s still the case although I am beginning to see some generic ‘hedge funds now bullish yen’ tweets and what have you.

The USD/JPY slide began on Friday and its extended today. USD weakness is pretty much across the majors board, but it’s the yen the stand out.

This article was written by Eamonn Sheridan at www.forexlive.com.