Japanese stocks do not like yen strength.
Nikkei 225 futures broke an important support level on the latest wave of selling. Futures were higher for most of the day after yesterday’s 2.35% beating but that changed in a hurry on yen buying. With USD/JPY falling below 104, Nikkei futures dropped nearly 1%, breaking the May high (was resistance now support) at 15,910.
Nikkei 225 daily
Keep a close eye on Japanese stocks in Asia-Pacific trading.
