The dollar has plunged against the yen in the closing hours of European markets, with the Nikkei futures index now also taking a hit.
This comes as US consumer confidence as measured by the Reuters/University of Michigan Consumer Sentiment Index comes in at a surprisingly low 82.7, versus an expected 84.5 – although economic expectations did advance for the third month in a row.
David Rodriguez, quantitative strategist at Daily FX tweeted at 16:52:
Wow USDJPY. I clearly underestimated level of panic in JPY specs. Europe's closing for the day, but if we break 93.80 watch out below.— David Rodriguez (@DRodriguezFX) June 14, 2013