The yen and swissie leads the major currency bloc
EUR/USD and GBP/USD are down to session lows of 1.1603 and 1.3239 respectively as the dollar is also seeing some bids as risk-off flows continue to dominate. AUD/USD and NZD/USD are also down to session lows of 0.7370 and 0.6895 respectively now.
The yen and swissie are the two main beneficiaries thus far, with commodity currencies being the laggards. Meanwhile, European equities look set to open with a sea of red and US 10-year yields are now down 4.4 bps on the day to 2.873% having fallen to a low of 2.864% earlier.
It's a very obvious sign in the market what trading is about right now, and in situations like this it's best not to overthink things or try and pick out a bottom. There's no point trying to be a hero when you can easily gain from being diligent and disciplined.
