USD/JPY skids lower as the Trump-Russia investigation ramps up

USD/JPY down 25 pips on the day

USD/JPY is trading at a session low of 113.41 as the broader market winces at the renewed emphasis on Trump’s campaign.

I read the indictment and it sure looks like Manafort and Gates laundered millions of dollars but there isn’t anything there about the campaign. My guess is that he gets a pardon from Trump, it creates a bit of a storm and it’s basically the status quo.

In any case, it’s got Trump’s election back on the front pages and USD/JPY doesn’t like it. The pair is at the lows of the day as the yen catches a broad bid.

The early-Friday low was 113.34.

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