A soggy session for the Nikkei but paring a few losses as we turn into the finishing straight
It's not been a good start to the week for the Nikkei as the yen strength continues but it's trying to shake off a few losses as we head into the final hour.
- currently 15674.77
- -0.93%
- low 15525.49
USDJPY 107.90 but facing resistance/offers into 108.00 and this may well cap the Nikkei rally too as the two continue to walk hand in hand.
I wrote yesterday that I expected USDJPY to fall further and I stand by that still. Continue to sell rallies. Next line in the sand comes in around 107.50 (barrier option) and we've already seen 107.63.
