USD/JPY dropped as Japan's business sentiment index (BSI) for all industries came in at 3.3 for this year’s first quarter, which was lower than 6.2 in Q4 2017. The BSI reading for manufacturing was 2.9 in Q1 2018, which was well below the 9.7 print from the last period. Both readings were the lowest since the third quarter of 2017. Soon after the data crossed the wires, the anti-risk Japanese Yen was left vulnerable to risk trends. It fell further when the Nikkei 225 declined immediately after market open. USD/JPY then continued closely tracing the index as it swung between gains and losses. Sentimentseemed to be ... (full story)