USD/JPY and stocks under fresh pressure
At some point, the story isn't just the market moves, it's the volatility. Buy-and-hold investors and carry traders hate volatility. Eventually, they decide to quit for the sidelines.
We've very close to that point.
USD/JPY couldn't even muster a proper dead-cat bounce. It rebounded to 115.86 from 115.16 but it's right back down to 115.53 now.
