AUD and NZD sold as stock markets sour

Risk sentiment deteriorates

The Australian and kiwi dollars are under some pressure, both falling more than 0.4% against the yen as the Nikkei reverses a +0.5% gain into a -0.4% loss. The Shanghai Composite has also fallen to the lowest since Aug 25. There is talk that Japanese funds are on the offer in AUD and NZD.

AUD/JPY has less than 10 pips of breathing room before the November low breaks.