China's stock markets have responded favourably to the latest data
With the jury still well and truly out on the accuracy of the Chinese Q4 release equity markets have ploughed higher.
Shanghai Composite Index is up +2.9% at 2997.46 just off session highs which in turn has lifted the Nikkei to 1028.55, +0.43%, as we head into the close.
This in turn has USDJPY rallying to session highs of 117.84 before running into a few offers and we can expect good supply into 118.00 again. Currently 117.73
