USD/JPY largely ignores soft close in the stock market – ForexLive

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USD/JPY stuck near 100.45

The S&P 500 is headed for a close near the lows. The index is down 14 points to 2172 in the worst one-day decline, amazingly, since June 27.

If anything that screams that volatility has been way too low since the Brexit aftermath. A 0.7% decline isn’t a big deal but it qualifies as a notable down day in this one-way market.

In any case, the weakness in stocks has been largely ignored by USD/JPY. The pair has been stuck to 100.45 after a minor failed run to the upside.