Risk sentiment remains fragile amid lingering US-China trade tensions
The decline in the yuan today reflects the mood seen in the equities space with the Nikkei slipping as US futures are also in a more defensive mood. E-minis are down by 0.3% currently as we begin the European morning.
The softer risk sentiment is seeing bonds hold more firm as the yen is the lead gainer in the currencies space. USD/JPY sits at 106.26 currently, lower by about 0.2% on the day.