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DAX slips now as Nikkei 225 futures fall further into the red and USD/JPY drops
The USD/JPY is now falling back to fresh European session lows, approaching 146.25. The move lower in the dollar appears to be led by yet more downside in the Nikkei 225 futures and that is dampening the European stock markets and US futures. The DAX has now dropped back well below the noted 18,452 technical level, having peaked earlier at 18,495. So, once again it seems it is the Yen and the Nikkei that are calling the shots right now, as has been the case several times since August 2. The DAX is currently trading at 18,425
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