Nikkei 225 erases losses, turns positive on the day

Author: Justin Low | Category: News

This feels like de ja vu from yesterday, but just that it's the other way around!


The Nikkei is now up by 0.08% on the day, and that's providing further relief for yen pairs who were under pressure earlier.

USD/JPY now back up to 107.24 on the day, EUR/JPY up to 132.74, and GBP/JPY is back above 149.00 - now at 149.05.

Poof, now the Nikkei is up by 0.21%! Blink and you miss it.

Overall, the dollar remains weak on the day. If anything, this is looking like a temporary pause to proceedings that we have seen so far from Asian trading - more than the possibility of a reversal.

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