USD/JPY at low of the day

the S&P 500 ran into a wave of fresh selling as it falls below the 200-day moving average again. The selling has spilled over to USD/JPY, which is down 27 pips now to 122.59 and has broken through the two earlier lows.

EUR/USD is also catching a bid but the previous highs above 1.08 haven't been hit yet. Last at 1.0793.