Since the Kuwait oil strike finished it's been another wobbly time for oil
Brent and WTI now posting new session lows of $43.02 and $39.97 and the decline is seeing added pressure on equities and yen pairs
Shanghai Comp Index is down -3.3% on lows of 2941.12 while the Nikkei remains on the back foot but still in positive territory.
USDJPY 108.96 near session lows with EURJPY in retreat again to 123.77. AUDUSD clinging to tech support between 0.7775-80. NZDUSD on session lows of 0.7002
GBPJPY sales bring GBPUSD to Asia lows of 1.4361 dragging EURGBP up to 0.7911. Demand expected at 1.4350
It's looking like another risk-averse session ahead. and highlighting just how fragile markets continue to be.
