Nikkei 225 sold-off, Yen recovers

FXstreet.com (Bali) - The Nikkei 225 gave up all its early gains (1%+) by returning to its flat line for the day after a sharp sell-off which took most longs by surprise.

The move down in the Nikkei 225 had, as expected, an impact on the Yen crosses, which declined in the tune of 20/30 pips from session highs, with twilight market conditions magnifying the move.

After an initial check, there appears to be no fundamental catalyst to blame per the latest selling in Japanese stocks.