The intervention (intervention) of the Japanese government in the currency market so that the Yen soars high against the dollar is seen to have no major impact on equity movements.
This is because investors are still overshadowed by concerns about a 75 basis point increase in interest rates by the FOMC as well as news of Vladimir Putin's threat to use nuclear power in response to economic sanctions.
The streak, Wall Street showed the Dow Jones Industrial index fell 0.35% at 30,076.68, the S&P 500 lost 0.84% at 3,757.99 and the Nasdaq Composite fell 1.37% at 11,066.81.
In the European zone, the STOXX 600 index lost 1.79%, closing below the 400 level for the first time since January 2021.
MSCI's gauge of global shares hit its lowest level this year since November 2020 when it fell 1.04% while MSCI's emerging markets index fell 0.90%.
In the Asian region, Australia's S&P/ASX 200 index fell 1.16% after returning from a long holiday with South Korea's Kospi down 0.68% and the Kosdaq down 0.74%.
The Japanese market was closed for the Autumnal Equinox Day celebration and the broader MSCI Asia Pacific index of shares outside Japan fell 0.18%.
The currency summary saw the Yen jump 4% to 140.31 from 145.81 in less than 40 minutes yesterday, however, opening this morning it was trading at 142.33.
The Yen shock that weakened the dollar also pushed the Euro up 0.01% at $0.9839 and a number of other currencies in the market.
The 2-year Treasury yield hit a 15-year high at 4.135% while the 10-year yield climbed to an 11-year high at 3.702%.
For commodities, Brent futures were up 63 cents at $90.46 while US crude added 55 cents at $83.49 and gold futures added 0.3% at $1,681.10 an ounce.
