S&P 500 futures down by over 0.6% now
It's starting to get a bit ugly now ahead of the opening bell later. US 10-year yields are also holding at one-month lows now around 2.428%, down by nearly 3 bps on the session. If risk sentiment continues to deteriorate further when Wall Street traders come in, expect a more serious test of levels below the 110.00 handle in USD/JPY to come about.
And that should trigger further negativity among risk currencies and promote more haven flows for the dollar and swissie as well.
