Tokyo's main index finally cracks above the 200-day moving average
Sentiment in Wall Street from Friday and a surge higher in exporter stocks - on a weaker yen from last week - helped to see the Nikkei rally to start the week. Asian equities are generally buoyed as well with the Shanghai Composite up by 0.6% currently.
However, Treasury yields are still looking a bit heavy as markets are trying to settle on a firm narrative; leading to mixed sentiment in the currencies space. 10-year yields are down by 1.3 bps to 2.553% and that's putting a bit of a drag in USD/JPY as it trades at 111.90 now.
European equities may take a slight cue from their Asian counterparts but unless US equity futures - which are now flat - also join in on the party, risk sentiment is likely to stay a cautiously optimistic ahead of US trading.
