Nikkei 225 closes higher by 0.24% at 22,221.66

Author: Justin Low | Category: News

Tokyo's main index stays buoyed above its 200-day moving average

Nikkei 16-04
Asian stocks are mostly firmer on the day as risk sentiment in Asia is seen a bit more optimistic. Of note, Chinese stocks are rallying with the Shanghai Composite index up by 1.5% currently. US equity futures are also trading up by around 0.2% so that will help feed into more positive tones as we begin the European morning.

However, bond yields are showing less enthusiasm as they continue to stay near flat levels on the day and that's not really helping to give currency traders much to work with. USD/JPY continues to sit just under the 112.00 handle and is likely to sit narrowly in a tight range as we look towards more earnings results to come in US trading later.

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