The Nikkei and Hang Seng are both up almost 3% and Shanghai is up 1% but the FX markets are very quiet indeed. EUR/USD is steady at 1.3550 and EUR/JPY at 130.50. The market is still very concentrated on what China is doing. Some mixed messages there with steel production set to be cut but some Chinese investment agencies said to be becoming more active in buying overseas assets.
Looks like we are in for a particularly sleepy Tokyo lunch.
