EUR/JPY is playing the risk barometer role again today, trading with a heavy tone in early New York trade. We’ve dipped below the 132.90 level, the 61.8% retracement of the 132.15/134.15 rally. Additional chart support lies at 132.65. A break of 132.15, the post-election low, will rev-up the bears.
Lots of talk today of September being the worst month historically for equities. With China down better than 20% last month, many fear a similar scenario in the US this year.
