Tokyo's main index rises as Asian stocks are buoyed by Friday rally in Wall St
Japanese stocks are leading gains in Asia following the better sentiment seen in US equities on Friday. Markets are feeding off improved US-China trade rhetoric, Fed chair Powell's dovish narrative, and China's decision to cut RRR by 100 bps. Those are the factors supporting the equities move so far today.
Despite that, the yen is among the strongest performing major currencies (alongside the swissie) so far capitalising on dollar weakness to start the day. The greenback is feeling some heat as Fed chair Powell's dovish comments continue to be the focus of the currencies market. USD/JPY holds lower at 108.18 so currently.
