The wheels are coming off the equity market with the S&P 500 down nearly 3% and the Nasdaq down 4.2%. The market was evidently looking for a nod to rate cuts from Powell and it didn't come.
Now we're getting some serious kicking and screaming. USD/JPY has broken the 2025 low and is trading at the worst levels since October as stops are hit in a quick, 70 pip move.
This chart is very much looking like it wants to test 140.00 again and if we don't get some good news on the earnings front, the Nasdaq is likely to test its lows as well.
This article was written by Adam Button at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( USD/JPY breaks the 2025 lows as US stocks crumble )
Also on site :
- With Property Seized and Federal Funding Uncertain, Montana Asbestos Clinic Fights for Its Life
- Flamengo vs Chelsea Preview, prediction, lineups, betting tips & odds .. FIFA Club World Cup 2025
- Which Stevie Nicks Song Matches You, Based on Zodiac Sign