Looks toward the 110.00 level and 61.8% at 109.88
The weaker Markit PMI data is helping to push the USDJPY to new lows on the day. The pair is approaching the 110.00 level with a low at 110.06. There are $829M of option expires at 110.00 in the USDJPY today. That may stall the fall near the level.
US stocks are trading lower with the Nasdaq down -0.85%. The S&P is down -0.78%.
