E-minis are extending losses on the day, down by almost 1.5% currently
And that is helping to keep the Japanese yen further bid on the session as USD/JPY touches a low of 111.87 today. Alongside it, we're seeing a breakdown in technical levels as AUD/JPY touches a near-two year low and falling further now to 78.58.
European equities are also trading near the lows for the day and this looks like it's going to be a painful and long day for markets, especially equity investors.
