The softer risk tone reverberates to Europe in early trades
- German DAX futures -0.2%
- French CAC 40 futures -0.3%
- UK FTSE futures -0.2%
The decline is rather modest for now but we are seeing bond yields marked lower still on the session and that is weighing further on yen pairs with USD/JPY down to 109.75.
Meanwhile, EUR/CHF is also nudging lower to 1.0622 as the pair falls to its lowest level since August 2015 amid the softer risk mood in the market right now.
