Bloody Tuesday for Asian equities

FXstreet.com (Chicago) – Asian stocks print losses throughout the continent following Wall Street’s pace after closing in red after Fed’s comments on slow economic recovery and no-tapering justification.

October around the corner or blame it on the Fed?

The Nikkei 225 prints losses of 0.54% in Japan while in China the Shanghai Composite registers 0.31% losses similarly to the Hang Sen 40 retracing 0.54%. The Korean Kospi trades 0.42% lower along the Indonesian IDX losing 0.46% so far. In India, the S&P CNX Nifty trades down 2.04% equally to the Sensex printing 1.79% losses. In Australia, the S&P/ASX 200 loses 0.52%.

USD/JPY dives to 99.66 lows on unbearable bearish pressure

USD/JPY dipped below immediate support below the 98.70 zone but managed to bounce back from lows. The Nikkei 225 prints 0.36% losses while the yen strengthens against a baffled greenback.
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ST oversold AUD/JPY showing traders are in a bearish mood; 92.17 support close by, though

AUD/JPY is being used as a way to fade risk on Tuesday as the mood globally has clearly turned to “risk off”.
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