Nikkei still on the slide and takes USDJPY down with it

Not a good day for Asian equity markets

• Nikkei posting new session lows of 16433.34, down 3.5% as we head into the close
• Shanghai Comp Index down -1.4% at 2965.55

USDJPY also posting session lows of 116.81 dragged down by the falling Nikkei.

What a difference a day makes. Yesterday's Asian-led equity gains eventually ran out of steam in the US and it's been the same old 2016 story since.

Oil prices also trading near session lows which has USDCAD up near session highs at 1.4633.