Tokyo’s main index begins to slip below its 100-day moving average
A softer close for the Nikkei here as equities sentiment in Asia is very much affected by the weaker performance seen in US equity futures. E-minis are down by more than 1% to start the day and that’s leaving a bit of a softer risk mood in trading so far.
Overall, that’s helping to keep the yen underpinned with USD/JPY holding near 109.75 currently and risk/commodity currencies are also generally weaker as US-China trade talks last week didn’t make the needed progress to keep markets buoyed.