USD/JPY breaks below 112.50 as risk off accelerates

USD/JPY has seen selling interest ever since the start of trade in Tokyo, with heavy offers initiated circa 113.00 having now sent the exchange rate a few pips below the 112.50 mid-round numbers.
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EUR/JPy lowest levels since 2013

EUR/JPY is currently trading at with a high of 124.62 and a low of 124.08 so far.
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