DJIA down over 400 points for the day, US 10-year note yield hit 2.42%. USD/JPY broke below the 110.00 level, hits its lowest since early February. The US Treasury yield curve inverted for the first time in over a decade amid renewed fears of a global economic downturn following the release of European PMI earlier today. Wall Street, in the meantime, collapsed, with the Dow Jones Industrial Average now over 400 points lower. At this rhythm, seems the US indexes will had their worst day since the beginning of the year, with financial-related equities leading the way south. Slowing global growth and dovish central banks’ twists, as seen this week, are no news. The trade war and Brexit either. However, the developments from this past week just confirmed that fears are largely justified. The USD/JPY pair is the one suffering the most in this scenario, falling below the 110.00 level for the first time in over a month. Now trading at around 109.80, the pair bottomed for the day so far at 109.73. The next relevant support comes around 109.50, where the pair bottomed early February, followed by the 109.00 figure. The 110.00 figure is the first resistance, followed by the 110.40/50 price zone. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Trump to nominate Stephen Moore, a dove to the Federal Reserve FX Street 4 years DJIA down over 400 points for the day, US 10-year note yield hit 2.42%. USD/JPY broke below the 110.00 level, hits its lowest since early February. The US Treasury yield curve inverted for the first time in over a decade amid renewed fears of a global economic downturn following the release of European PMI earlier today. Wall Street, in the meantime, collapsed, with the Dow Jones Industrial Average now over 400 points lower. At this rhythm, seems the US indexes will had their worst day since the beginning of the year, with financial-related equities leading the way south. Slowing global… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.