The yen is tumbling

Screen Shot 2016 10 24 at 11.43.07 AM

(Markets Insider)

The Japanese yen is tumbling.

The currency is down by 0.4% at 104.2400 per dollar as of 11:44 a.m. ET.

Moreover, the yen is down by about 2.5% against the dollar for the month of October.

Earlier, data from Japan's Ministry of Finance showed a trade surplus of 498.3 billion yen in September, an improvement from the 18.7 billion yen deficit seen in August, as the value of its exports fell at a slower pace.

As for the rest of the world, here's the scoreboard as of 11:46 a.m. ET:

• The offshore yuan touched a record low. The currency is down by over 0.2% to 6.7868 per dollar. The prior record low of 6.7850 was reached on September 2010. Meanwhile, the onshore yuan dropped past the 6.7 level earlier in October and has continued declining over the course of the month. It is currently down by about 0.2% at 6.7778 per dollar.

• The euro is little changed at 1.0889 against the dollar after Markit's flash composite PMI figure for the eurozone came in at 53.7 in October, up from September's 52.6. Germany powered the region with a composite print that came in at 55.1, up from the prior month's 52.8.

• The Russian ruble is up by 0.3% at 62.2151 per dollar. Meanwhile, Brent crude oil prices, the international benchmark, are down by 1.2% at $51.18 per barrel.

• The British pound is down by 0.2% at 1.2206 against the dollar.

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