Forex news for US trading on Feb 8, 2016:
– Gold up $17 to $1191
– WTI crude down 89-cents to $29.98
– US 10-year yields down 10 bps to 1.73%
– S&P 500 down 32 points to 1848
USD/JPY took out major support near 115.50 as it fell 230 pips from the highs at the start of European trading. It was a non-stop cascade of stops into the London fix, when it hit a session low of 115.18. It bounced to 115.80 from there and consolidated; getting some support late as stocks pared losses. The close is key here.
