China's CSI 300 down 7%, closed for the day

FXStreet (Bali) - After being halted for 15m by 'circuit breakers', the CSI300 index has seen its losses extend into the -7% vicinity, which means business is now closed for the day.

Reporting of selling of USD/CNH by state banks

Reporting of selling of USD/CNH by state banks, which has sent the USD/CNH back below 6.70 despite yet another Yuan devaluation at today's fixing.
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USD/JPY hammered through 118 – key support

The USD/JPY sell-off extends towards the mid-Asian session, with the JPY bulls storming their way through the critical 118 barrier on the back of the ongoing rout in the Chinese equities.
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