FX Update- USD/JPY
USD/JPY is on N.Y. session lows of 110.10, following U.S. equities to their lowest levels of the day. The major indices are down about 0.6% so far on Monday, and with a lack of leads elsewhere, intraday JPY traders appear to be looking to stocks for guidance. Elsewhere, EUR/JPY has moved to its lows as well, with selling picking up speed on the break below 162.00. This interest has weighed on EUR/USD as well, which remains relatively heavy under the 1.4700 mark.