FxWirePro: USD/JPY dives over 2 Pct from day's high of 105.46 as Yen benefits from Trump lead driven jitters
Wednesday, November 9, 2016 2:22 AM UTC
- USD/JPY sees a massive slump of over 2% from day's high of 105.46 to as low as 103 on rising prospects of a trump victory.
- Risk aversion is back at full steam on rising chances of Trump win, total tally till now is 130 to 97 in favor of Trump.
- Trump looks set to win Florida (first major hurdle), leading in Virginia and Ohio, a neck to neck race in North Carolina.
- Markets remain highly volatile.
- 2-yr treasury yield was down 7 basis points, shows falling short-term rate hike expectations.
- S&P 500 futures were down 1.5% or 32 points at 2100.75 levels.