The Nikkei is trading down by 0.7% at the moment as as exporters and banking shares lean on the index. The banking shares are trading lower on the back of MUFG preparing its share sale. Exporter shares have also come under pressure with investors worried about a stronger Yen.

Eslewhere in the region, the ASX200 is down 0.5% and the Kospi is down 0.6%. The Shanghai composite which was up earlier has now also slipped into negative territory.