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USD/JPY focus support 110 mark

The USD/JPY bulls fought back control amid a sudden turnaround in the risk conditions as the Japanese indices halted the rebound and returned in the negative territory, triggered a renewed bout of risk-aversion across the financial markets. At the time of writing, USD/JPY peeks into the red and hovers around 110.30, while the Nikkei 225 loses -0.15% to trade at 15,709.

The modest recovery seen in the greenback against its major peers, also loses steam over the last hour, and hence, adds to the negative pressure around USD/JPY.

Markets will continue to track the broader market sentiment in the day ahead, while the main focus remains on the FOMC minutes due out in the NY session.


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