Tokyo's main index closes lower but well off the lows earlier today
Asian shares started the day with heavy losses following the battering tech stocks took in Wall St. The Nikkei was down by more than 1% earlier but has since recovered alongside most Asian equity indices as we head into the closing hours.
In general, there's been a bit of an uplift in equities sentiment as E-minis are also trading higher now by about 0.4% - near the highs for the day. That's helping to lift risk sentiment in markets a little as we head into European trading.
I would expect mild positive tones later in European equities at the open as a result and the tones here should continue to underpin yen pairs alongside the aussie and kiwi as we begin the session.
