Nikkei 225 down more than 4% at the open

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Following the severe losses in Asian stocks yesterday, which happened to coincide with a Japanese public holiday, today's Nikkei 225 open paints a very ugly picture.

    The benchmark Japanese index fell by over 4.5% before a strong rebound currently underway, taking the net change for the day to -3.25%. The market's key focus remains on whether or not there will be direct intervention on the USD/JPY by the Bank of Japan, following the ferocious appreciation by the Japanese Yen in recent days.
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