Tokyo's main index barely hangs on to gains in mixed trading day
It has been a sluggish session overall for Asian equities in general as the risk mood stays more subdued after seeing US stocks give back gains in overnight trading. China did cut its one-year LPR by 5 bps but it hardly is breathing life into equities on the session.
The Hang Seng index is flat while the Shanghai Composite is up by just 0.2% as investors appear to be more cautious still to wrap up the week. US futures are pretty much flat so that tells us that equities are still sidelined to begin European trading.
USD/JPY sits lower at 107.87 though as the yen keeps pace after gains from yesterday amid weaker Treasury yields to start the morning.
