Next 24 hours: USDJPY Sinks Below 110 Barrier
On a broad basis, Tuesday was a day of risk off trade. The US Dollar was bid back up, but it was the Yen that stood out as the real attention grabber, with the Japanese currency outperforming across the board, resulting in fresh 2016 and multi-month lows in USDJPY towards the critical psychological barrier at 110.00.