EUROPEAN SESSION UPDATE: USD/JPY rebounds back above 100 as Nikkei closes up 2%; Aussie sustains losses despite RBA rate hold…
Attention during today’s European session in the Forex markets may have remained focused in Asia and Australasia, as the Yen and Aussie continued to make significant moves while the Pound and Euro stayed relatively quiet.
The Japanese equities index closed 2.05% higher today, which was accompanied by an unwinding of nearly all of the Yen gains seen in yesterday’s session. Japanese Prime Minister Abe said that he sees recovery signs in production, consumption, and GDP, but he said that there are unstable movements in the financial markets. He added that a strong Yen made companies less willing to invest.
Attention during today’s European session in the Forex markets may have remained focused in Asia and Australasia, as the Yen and Aussie continued to make significant moves while the Pound and Euro stayed relatively quiet.
The Japanese equities index closed 2.05% higher today, which was accompanied by an unwinding of nearly all of the Yen gains seen in yesterday’s session. Japanese Prime Minister Abe said that he sees recovery signs in production, consumption, and GDP, but he said that there are unstable movements in the financial markets. He added that a strong Yen made companies less willing to invest.