FXStreet (Bali) - Market sentiment is worsening ahead f the Tokyo open, with USD/JPY trading into new lows for the day near 117.50, while AUD/USD is breaking through 0.6950, while the NZD/USD is gunning through stops sub 0.65. Watch USD/CNH strength this morning in Asia The resumption of risk averse conditions in early Asia trade follow a strong spike higher in USD/CNH as lines are typed, presently at 6.5750 from 6.5640 at the US close. Any weakness in the Yuan offshore ahead of the PBOC fix is likely to be interpreted as risk of a higher USD/CNY fix by the PBOC later at 1.15 GMT. Meanwhile, S&P 500 futures remain depressed near lows. AUD/USD, USD/JPY price action screams bear domination With regards to price action in pairs like the AUD/USD or USD/JPY, it does not bode well at all, with Wednesday's relief rally being completely reverted. Asian traders have now broken below Wednesday's lows in both AUD/USD and USD/JPY, suggesting a commitment to keep extending losses this Thursday. To what extent the declines accelerate or potential prospects for a shallow recovery, it will all depend on today's Chinese session once again (PBOC fix and Shanghai performance), with the Australian jobs in between (00.30GMT) to inject additional volatility in Aussie pairs. For more information, read our latest forex news.