Forex markets were relatively well behaved....>

FOREX: Forex markets were relatively well behaved yesterday despite the carnage

in stocks, with volatility remaining muted. The yen was the notable outperformer

as USDJPY sliced through 21-dma support to test 112.

- Yen crosses also lost ground with EURJPY dropping back below its 50-dma but

remaining just within the recent range. 

- EURUSD did not see any safe-haven selling as falling US real yields supported

the pair, which currently trades at 1.1530. The euro was helped by the continued

rally in the pound, with continued Brexit optimism seeing cable break back above

1.32.

- AUD and NZD managed to hold their recent lows despite weakening thanks to

downward pressure in yen crosses, but the downtrends remain firmly in place. 

- USDCNH remains below recent range highs, currently trading at 6.9256, with the

pair largely unaffected by the equity crash.