Another weak session for the Nikkei but also the Hang Seng came under pressure given global large cap weakness. The JPY saw another reach as a safe-haven with almost another handle change down to 111. However, despite coming close we have not yet traded there today. Dealer were expressing concerns on the move Presidents Trump’s […]
We saw another weak session today for stocks in Japan as the BOJ kept its position on monetary policy unchanged but selling pressure continued. The main concern remains centred around the US action for immigration despite the explanations offered. The USD lost its safe-haven bid with JPY strength resulting in a push closely breaching the […]
Asian markets were weaker today with many Traders explaining that the reason for the market jitters was around President Trumps immigration policy and the consequent rally in the safe-haven currencies such as US Dollar and the Japanese Yen. The Nikkei lost around -0.50% despite the fact that volumes were heavily reduced with many of the […]
A quiet market for many in Asia ahead of Chinese New Year and the subsequent national holidays. In Japan the inflation data was marginally better than previous (+0.1% v’s prev. +0%) which helped the Nikkei add additional gains but were slowed somewhat by Consumer Price data. However, this had an effect on the JPY which […]
With the DOW having broken the psychological 20k level in early US trading and all the hype and coverage surrounding that, there really was only ever one direction planned for today. In the absence of any other significant market related news, Core Asia responded accordingly that saw both the Nikkei and the Hang Seng close […]
Having seen a strong cash performance in US markets has certainly helped sentiment flowing into Asia this morning. Aiding the +1.4% return seen in the Nikkei today was the Trade data release where the numbers were way better than expected (270bn forecast was released at 641.4bn). Interestingly, the JPY has not seen such volatility remaining […]
The safe-haven bid into the yen continues as we trade under 113 early in the US session. As concerns surround the US’s withdrawal out of TTP many worry where this new era is leading the markets. Initially, we have seen some cash return to the bond markets but as the day has worn-on and US […]
Asia was not really sure in which direction it should respond today. Having seen Trumps inauguration Friday and then all the press over the weekend, it should be no surprize that we saw a hesitancy for a core response. We saw safety demand return for the JPY, taking that back below 113 and watched as […]
Although many market players were expecting Chinese GDP around 6.6% most had speculated 6.7% and so a 6.8% boosted confidence ahead of the weekend and ahead of next weekends New Year celebrations. Government fiscal stimulus and additional bank lending’s were primary reasons provided. Although this helped the Shanghai exchange it failed to have the same […]
A major hit for Toshiba in todays market after rumoured reports that they are considering spinning off parts of its businesses resulting in a 16% decline in its stock price. However, the Nikkei index still managed a strong close of almost 1% higher. A retracement in the JPY also aided exporters as the currency traded […]
