The Nikkei has turned a losing day into a winner after the news that the GPIF will be looking to increase/decrease it’s stock/bond portfolio ratios.
We had been down 60 odd ticks to 15061 but have completely reversed that to a 64 point gain to 15222. JGB’s have jumped to 0.53%
USD/JPY likes what it’s hearing too and has run up to 102.45
As I said in the first post, we could get some decent moves when they officially announce the plans and these moves are just an indication of that.
Nikkei 15m 07 08 2014
