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Asian markets ease, Nikkei falls on rebounding Yen

By FXstreet.com,  January 16, 2013, 02:24:00 AM EDT

FXstreet.com (Barcelona) - Yesterday's trading pulled the Yen to higher levels in reaction to Japan economy minister Amari's comments, saying that the JPY has depreciated to a level in line with fundamentals, and that further weakening could be harmful. Today's Asian session saw the Nikkei Stock Average pricing in these latest currency movements, falling -2.56%. Hong Kong's Hang Seng fell -0.49%, South Korea's Kospi shed -0.32%, and China's Shanghai Composite dropped -0.73%. On the "green" side was Australia's S&P/ASX 200 that rose +0.46%.

Futures for the German DAX 30 (-0.08%) and the French CAC 40 (-0.11%) are signaling a lower opening ahead of Italy trade balance, German bund action, and EMU CPI inflation report. WTI crude oil trades at $93.45 (+0.17%) and Gold moves to $1684 (+0.24%).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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