US Market Update

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Summary

US Market Update – USDJPY crashed though its 50-day moving average of 111.65 earlier, and has now nearly breached its 200-day moving average of 111.20, bottoming so far at 111.47, levels last seen on May 1. The move lower has been driven by broad risk-off conditions, which have seen equities sell off, Treasuries rise, and Commodities rally sharply. (Gold, Silver, Copper).