USD/JPY falls below November low after weak homebuilder sentiment, fall in tech


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Sentiment deteriorates

A double-whammy of a slump in tech stocks and a surprise drop in homebuilder sentiment has helped USD/JPY break another technical level.

The November 1 low of 112.56 gave way in a slide to 112.53 in the latest push.

The US dollar is feeling some broad pressure on expanding talk of a pause in Fed hikes early next year.

Williams will speak in about 30 minutes and those comments are going to be critical for the dollar.

ForexLive
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