Strong gains in the Nikkei amid the risk-on tilt

Nikkei 16-06

The market has pretty much shrugged off the worries from yesterday as the risk-on tilt from the turnaround since US trading overnight is continuing into the new day.

Japanese stocks are sharply higher with the Hang Seng also near 3% gains and the Shanghai Composite also posting gains of a little over 1% currently.

Elsewhere, US futures are also solidly higher with E-minis up by 1.4% at the moment.

This is helping to keep the dollar and yen a little more pressured as we look towards European trading, with AUD/USD up by 0.4% to 0.6947 currently.