The bearish pressure around the USD/JPY keeps intensifying as we progress towards early Europe, on the back of worsening risk sentiment as the Japanese stocks shave-off gains and turn negative. The benchmark, Nikkei 225 index drops -0.26% at 16,161 versus +0.70% previous.
The USD/JPY continues its rise versus the US currency as investors seek safe-havens amid market turmoil.
Today Focus US PMI Data
Weak Japanese retail sales release earlier today, which disappointed markets. While in the upcoming session, the US Chicago PMI and pending home sales will be reported and may have major impact on the USD moves.