Risk-off returns in Asia, Yen – top performer, BOE events – Key

By FXStreet FXStreet (Mumbai) – The rout returned on the global stock markets, with the Asian equities mirroring the sharp declines seen on the Wall Street overnight. While oil prices continue to fall, crushing risk-appetite across the financial markets.

Key headlines in Asia

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Dominating themes in Asia – centered on JPY, AUD and NZD

A classic risk-off sentiment prevailed in Asia this Thursday amid falling equities and oil prices, despite another neutral Chinese yuan fix today failing to calm markets. Safe-havens benefited the most, with the Japanese yen emerging the top performer, while the CHF, EUR and gold posted modest gains. The dollar-yen pair now attempts recovery around 117.50 levels, having found strong support near 117.30 region. While the upside in EUR/USD remains capped by 1.09 handle, and gold prices gains for the second day in a row and trades around $ 1093, unable to extend beyond 1095 levels.

The riskier/ higher yielding currencies such as the AUD, NZD, and GBP were sold-off …read more

Source:: FX Street