A good day for Asian stocks

  • Nikkei off its highs but still up 4.1% at 16755.14
  • Shanghai Composite Index posting session highs of 2835.64, up +3.8%

Stronger showing on the back of further stimulus expected in China after the RRR cut earlier this week. Always talk of further stimulus in Japan too to keep the equity bulls interested.

USDJPY 113.91 underpinned at 113.80 but finding sellers above 114.00 again. Year-end repatriation of yen still casting its shadow.