USD/JPY has worked its way through bids at 92.90 and now trades at session lows in the low 92.80s. Support is seen at the 92.55/65 level but large stops are seen if 92.50 is broken. Barrier options are eyed at that level, traders say.
US equities are at the lows, down 2.2% late in the day and traders fear accelerated losses into the close. EUR/JPY has broken support at 132.15 and AUD/JPY is under pressure as well as AUD/USD dips closer to the medium-term trendline at 0.8250, which was penetrated earlier briefly.