Yen remains the strongest one for today at the time of writing as global market rout spreads to the US. Swiss Franc trails as the second strongest.
On the other hand, Australian Dollar is the weakest one while Dollar is not that far away.
DOW is currently down -1.45 at 24949 after dropping to as low as 24768.79 earlier today. The break of 24899.77 support indicates resumption of the whole decline from 26951.81 and suggests more downside ahead. S&P 500 is down -1.98% while NASDAQ is even worse, down -2.15%.
Treasury yields are also in red with 10 year yield down -0.49 at 3.324.
However, we’d like to point out that despite the strong rally, Yen bulls seem refusing to commit yet. USD/JPY is held by 111.94 minor support for now. EUR/JPY breached 128.32 low but quickly recovered. More is needed to confirm the strength of Yen.
In Europe:
- FTSE closed down -1.24% at 6955.21, broke 7000 psychological level
- DAX closed down -2.17% at 11274.28
- CAC closed down -1.69% at 4967.689, below 5000 psychological level.
- Italian 10 year yield jumped 0.10003 to 3.58 after EU rejection of Italian budget
- German 10 year yield is down -0.0407 at 0.411. German-Italian spread is back above 310.
