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ForexLive Asia-Pacific FX news wrap: USD/JPY catches a bid

Discussion in 'Market News' started by ForexLive, Dec 11, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Forex news for Asian trading on Dec 11, 2015 - China press: Guo Guangchang, also known as China's Warren Buffett, has gone missing - Nikkei up 0.95% - WTi crude down 25-cents to $36.31 USD/JPY was said to be led by leveraged accounts and exaggerated by buy stops. Eamonn chatter about real money accounts and a reserve manager on the bid. There wasn't news behind the wave of buying that started at 2300 GMT. Nikkei had a survey suggesting bonuses were up 3.3% in a sign inflation could be turning but that should be USD/JPY negative. Japanese stocks were said to help the pair.

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