USD/JPY breaks the 2025 lows as US shares crumble

The wheels are coming off the fairness market with the S&P 500 down almost three% and the Nasdaq down four.2%. The market was evidently searching for a nod to fee cuts from Powell and it did not come.

Now we’re getting some critical kicking and screaming. USD/JPY has damaged the 2025 low and is buying and selling on the worst ranges since October as stops are hit in a fast, 70 pip transfer.

This chart could be very a lot trying prefer it needs to check 140.00 once more and if we do not get some excellent news on the earnings entrance, the Nasdaq is more likely to take a look at its lows as effectively.

This text was written by Adam Button at www.ubaidahsan.com.



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