IMF's Lagarde says global growth will be moderate and weaker than expected last July

IMF's Lagarde talking global growth in Jakarta

• Asia to lead global growth but at a slower pace than expected
• China has policy tools and financial buffers for transition
• Sees decline in commodity prices persisting

Out while the PMI's were rolling off and the comments are adding to the negative sentiment being seen. USDJPY has traded 3 pips under 120.00 just now