S&P down about 1 %. Nasdaq down 1.38%
The US stocks are trading at the lows with the S&P down about 1 % (largest daily fall since November) and the Nasdaq down about 1.38%. That is putting pressure on the USDJPY. The pair has now moved below the 100 and 200 bar MAs. Earlier the pair fell below the neckline of a H&S on the hourly chart and 38.2% retracement level ().