Risk-off, stocks down, still no progress on US stimulus

Risk-off is kicking in as the US session progresses but US stimulus talks do not.

In the latest update, a call between the Dems has given the market renewed negative sentiment:

Moments after the updates, risk fell off a cliff with the S&P 500 extending losses to a low of 3433, and to trade down over 1.4%.

USD/JPY was supported by S&P slide in NY, that favours top haven USD.

Session high so far 105.50 vs the Wednesday & Thursday highs that were at 105.51/50.

The dollar is currently a slightly better haven than the yen and Treasury yields are firming on fiscal relief hopes, as well as the strong September Retail Sales.

More to come...