FXStreet (Bali) - At the open of Asia, we are seeing follow through strength in the Japanese Yen on the back of an unchanged interest rates decision by the Fed earlier on Thursday, which threw the US Dollar under the bus.

The Yen appreciation in the current Asian session comes as the Nikkei 225 opens lower by about 1.4%, tracking losses seen in Wall Street, amid a risk-off environment. Judging by Yen options pricing, with calls significantly pricier than puts, the market still expects risk aversion dynamics to stay, thus the premium being paid.