USD/JPY beginning to slip alongside stocks via ForexLive

The S&P 500 is 5 points into negative territory at 1936 after rising as high as 1949 earlier.

The scope of the pullback is small compared to the gains over the past few days but it's beginning to give the yen a boost. USD/JPY has slipped back to 107.14 after rising as high as 107.38 earlier.

USDJPY intraday

EUR/CHF is at a session low as well, flirting with 1.2060.

Be careful of a large risk aversion trade developing in the hours ahead — it's been quite a pop from the bottom.

posted via ForexLive