Japan PM Abe: Excessive volatility in FX is undesirable

Japan Prime Minister Abe is crossing the wires, noting that excessive volatility in FX is undesirable, adding that Japan will take appropriate action on forex as needed.

Abe also said that he hopes G20 finance leaders take appropriate measures on global economy when they meet in Shanghai.

Feb 15, 2016

Nikkei 225 up by 5%, bargain hunters in action

The Nikkei 225 jumped by 5% in the Tokyo morning session, tracking solid gains in equity markets last Friday, with Oil prices rebounding strongly by over 10% on its largest 1 day gain in over 7 years, with bank shares also improving in value substantially.

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Feb 15, 2016

AUD/USD en-route to 0.7150 despite dismal China trade

The initial AUD/USD sell-off reaction to the major miss in Chinese trade balance has been completely reversed, with the pair not just returning back to its selling origin circa 0.7130, but is now extending gains towards the key resistance at 0.7150, where offers are tipped.

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