The risk off tones continue in early trades
Not surprising really as the negativity spreads to Europe. But as mentioned earlier, that will keep the yen underpinned in European trading as long as equities continue to slump. E-minis are also down by more than 1.0% currently:
The two major beneficiaries so far in early trades have been the dollar and the yen as both currencies are staying bid as a result of the risk off tones in markets. The latter is still the outright leader, with USD/JPY also seen slumping to lows of 112.41 currently.
