Forex news for US trading on April 29, 2016:
Markets:
– Gold up $28 to $1294
– WTI crude oil down 11-cents to $45.92
– US 10-year yields up 1 bps to 1.83%
– S&P 500 down 10.5 points to 2065
USD/JPY came into the session like a lamb… and out like a dead lamb. The pair broke the April lows and then bled lower for the rest of the day. The April low was 107.63 and then support at 107.00 held for a period and then it was a slow slide down to 106.28 as the bulls gave up. Tues-Thurs are holidays in Japan.
