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Markets Are Falling After Rough Day In Japan

Joe WeisenthalJan 16, 2013, 14:36 IST

wikimedia commonsMarkets are falling across the board.

US futures are down modestly.

Europe is down (Italy off 1%, Germany down 0.2%, Spain down 0.6%, France down 0.3%).

This all follows a brutal session in Japan where the Nikkei 2.56%.

The big story there: A sharp yen strengthening. Investors have been loving the weakening yen, so the snapback here has caught equity by surprise.