Today, the market is continuing its downside movement as the global economic growth falters during this time, when the Japanese yen has advanced against the common currency and the greenback after the Standard & Poor's downgraded the US's long-term credit rating, while the European crisis is continuing to escalate, damping the demand for higher-yielding investments.

The EUR/JPY pair trades around 109.99 after recorded a low of 109.70, while the USD/JPY pair trades at 77.57 after recorded the lowest level at 77.49.

On the other hand, The Australian dollar fell to the lowest level in more than four months against the U.S. currency, while the New Zealand dollar also dropped to the lowest level in more 6 weeks versus the greenback.