The Japanese yen hits lowest levels on the day as yen crosses all surge higher

It's an extension from yesterday's move, but more importantly it looks like there is turnaround in equities sentiment.

Asian bourses were mostly lower throughout the day following overnight trading in US, but European equity futures point towards quite a positive start for the cash equity market later.

S&P 500 futures are also higher by 0.1% on the day, which bodes well for sentiment that yesterday's decline was a one-off and not a swoon like the one we saw in February.