USD/JPY has fallen to fresh lows at 95.70 this just prior to the London fixing. Real money accounts have been steady buyers of significant quantities but they have been getting filled in with relative ease, traders report.
Lower equity and commodity prices prevail again today, helping undermine the reflation trade and upping risk aversion. The so-called safe havens of USD, JPY and CHF are all benefiting in the near-term.
The S&P trades down 0.6% and Oil tested the $69 area before bouncing…