USD/JPY under 156.50

For the record I’m not buying that reason I cited in the sub heading.

Yes, equities weakened in the US … but AUD and EUR have been stable to up in Asia so far.

Still, there is some demand for JPY. Be cautious of reading too much for too long into moves in these thin holiday markets though.

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