Softer tones in early trades
This comes as the Nikkei closes the day in negative territory and Chinese stocks are extending losses. The Shanghai Composite is now down 1.1% as I type this with the Hang Seng crossing over to the red as well.
This is indirectly putting some pressure on yen pairs with USD/JPY now falling to lows of 111.25 on the day. CAD/JPY and AUD/JPY are also at session lows of 85.17 and 82.58 respectively.
