Japanese stocks are boosted after the recovery in US stocks overnight
With odds of a Fed rate hike later this month slipping, investors are turning back to equities and the sentiment is helping to boost Japanese stocks in trading today. Wall St pulled off a stunning recovery overnight and that has also helped lift the gloom on risk sentiment that we saw yesterday.
Other Asian equities aren't performing as well as Japan today though with markets rather tepid ahead of the US non-farm payrolls to come later in the day. Trading ranges in Chinese equities remain narrow and they're basically flat on the day now, reflecting a similar sentiment seen in US equity futures.
USD/JPY holds near the highs for the day though at 112.92 currently as the rebound from overnight trading continues.
