Risk aversion was the wise man’s parting shot this morning and risk aversion we are getting this afternoon.
Stocks are down nearly 1% and EUR/USD is sliding with them. We’re through support at 1.4590 and eying support now at 1.4565/70 and 1.4550.
USD/JPY is on the slide as risk appetites shrink further. US yields are falling as bonds rise on safe-haven demand from falling equities. It trades at 80.07.