After opening 0.5% lower, the Nikkei has turned positive as Canon raises it profit outlook. JFE Holdings, the world’s 5th largest steelmaker rose 5% after forecasting a full year profit and Golman Sachs raising its rating to a buy from a sell. Overall though, trading is thin as investors await more corporate earnings later in the day. Honda, Nissan and Nomura are among the companies scheduled to announce results later in the day.
The FX market will watch Nikkei moves closely for clues to EURJPY direction.
