The JPY is seeing continued across the board strength, with risk aversion back with a vengeance. European stocks are seeing accelerated losses into mid-morning (FTSE 100 down 2.25%, DAX 30 down 3%), while U.S. stockmarket futures point to a rocky start for U.S. shares (dow industrial average futures down 153 points.) USD/JPY is down at 93.65, while EUR/JPY is down at 118.40.