USD/JPY flows: Extending Decline

The Nikkei has extended its losses to 8% after struggling to stand in the Asia session. U.S. three major equity indexes are also in the red, led by the 3% losses in NASDQ while regional equities in China and Hong Kong fared better with the Chinese equities squeezing out a free pips of gains. Both the U.S. Treasury and JGB yields sunk.

USD/JPY is now trading 2.25% lower at 143.18 with session low at 142.15.

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