From Investing.com: 2025-03-07 00:24:00

The USD/JPY slides below 148.65, targeting key support at 147.20 as the yen gains strength. Nasdaq 100 futures close below the 200DMA for the first time since March 2023, with tech losses impacting carry trades and raising the risk of capitulation selling. Speculation arises about China’s AI advancements sparking a selloff similar to when DeepSeek affected U.S. tech valuations. The correlation between USD/JPY and Nasdaq 100 futures is significant, indicating potential parallels with the DeepSeek-driven market downturn in January. The USD/JPY resumes its bear trend, eyeing support at 147.20, while Nasdaq 100 faces challenges below the 200DMA.



Read more at Investing.com: USD/JPY, Nasdaq 100: AI-Driven Shakeout Stirs Parallels to January