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USD/JPY falls below 106.00, down 160 pips

FXStreet (Córdoba) - The yen is rising across the board and particularly against the US dollar. USD/JPY dropped further, broke below 106.00 and bottomed at 105.19, reaching the lowest price since September 8.

During the last two hours the pair lost more than 150 pips as volatility in the currency market soared. Stocks in Europe and in Wall Street are falling sharply as US Treasury bond rally, pushing yield to 1-year lows.

Currently USD/JPY trades around 105.60/70, after rebounding around 105.20, having the worst day since April.

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