Japanese stocks slump as optimism remains fleeting among equities

Nikkei 17-04

Asian equities are soggy following declines seen in US stocks overnight. The Nikkei is also joined by the Hang Seng and Shanghai Composite as both are also down on the day, falling by 0.6% and 0.2% respectively.

In general, risk sentiment remains rather tepid with Treasury yields also looking heavy to start the day. That is leaving USD/JPY to be a little lower at 111.85 as we begin the European morning session.