Aussie-yen fell as low as ¥110.25, while the Nikkei 225 extended its decline to more than ¥810. Cross-yen pairs weakened broadly.
Cross-yen pairs weakened, with Aussie-yen falling as low as ¥110.25. Among other major currency pairs, euro-yen and sterling-yen also declined, while dollar-yen held down its losses and traded around ¥157.23.
The Nikkei 225 fell by more than ¥810 at one point, and risk aversion intensified. As share prices declined, buying of the yen and selling of foreign currencies increased, pushing down levels across cross-yen pairs.
Amid the continuing risk-off trend, the market speculated that selling of foreign currencies against the yen in the major currency pairs may have continued.