Tokyo's main index tumbles amid risk-off mood in markets
The decision by Trump to impose tariffs on Mexico is causing markets to be in a sour mood to start the session and Japanese stocks weren't spared a reprieve as equities and bond yields fall. The Nikkei ends the day near its lows and it'll now be over to European traders to have a say on how serious these global trade tensions are in the session to come.
USD/JPY is holding near its lows at 108.93 now as Treasury yields are also hovering at their lows for the day. 10-year yields are down by 4.5 bps to 2.168% currently.
