With the China stock market about to go into its lunch break, a quick look around regional share markets
- Nikkei +1.39%
- Shanghai +1.12%
- HK +1.94%
- ASX +1.53%
All helped along by the renewed stability prevalent. Oil is above $32 on both Brent and WTI
The yen has lost some ground, USD/JPY is near the top of its day range around 118.80. Japanese exporters reportedly selling USD/JPY ahead of 119 are holding it from gaining further. Note to noobs - Japanese exporters are habitual sellers of USD/JPY; they will be receiving USD in payment for their goods/services and will want to convert it back to their home currency (yen) ... hence sellers of USD/JPY.
