The US dollar is getting hosed -- again.

KAZUHIRO NOGI / AFP / Getty Images

The US dollar is getting hosed.


In Asia.

As has been the case almost every day this week, the Japanese yen is in the thick of things, soaring to new highs against the greenback.

The USD/JPY sits at 105.66, leaving it at the lowest level since November 10, 2016.

USD/JPY 5-Minute Chart

The plunge in the USD/JPY has seen other major currencies strengthen against the greenback with the euro, UK pound, Kiwi and Aussie all up by around 0.3%.

Technicals and thin Friday afternoon liquidity in Asia appear to be driving the latest move lower.

NOW READ: Westpac explains why the US dollar is getting beaten up

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