The yen has rallied amid a risk-off environment, which has conversely seen commodity and emerging market currencies come under pressures. USD-JPY is showing just over a 0.5% loss as London market participants take to their desks, bringing the pair to within a few pips of the Mar-17 low at 110.66. EUR-JPY has forayed into 12-day low terrain. Japan's main equity indexes posted their sixth consecutive down session, the Nikkei-225 closing with a 2.4% loss.
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