Tokyo's main index falls as trade optimism fades
Although the index manages to stem the bleeding by holding above the 200-day moving average (blue line) for the time being. However, with little to no new fresh developments since the trade truce over the weekend, markets are beginning to gravitate towards a more cautious tone amid weaker global growth data this week.
Chinese equities are also down by nearly 1% on the session, though sentiment in Europe is slightly better with futures seen posting mild gains to start the session. Meanwhile, US futures are sitting near flat levels but it's all about bond yields still this week.
With Treasury yields holding weaker and European yields likely to follow suit, that'll give incentive for the yen to stay underpinned as we begin the session.
