There isn’t a great explanation for it
The stock market is coming under some fresh pressure. The message from Clarida was dovish and we saw that in FX and initially in equities but it’s going the other way now.
That’s also helped to send USD/JPY to the lows of the day.
One thing to worry about in the week ahead is a report that Mike Pence will deliver a ‘major’ China speech on Thursday.
Another reason for the decline is that shares of Boeing have quickly tumbled 3% on a Reuters report saying employees misled the FAA about the safety of the 737 Max.