Nippon Life to buy NAB's insurance unit for 220b yen: Watch AUD/JPY

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - Bloomberg is reporting that NAB shares have been halted in Sydney.

    "Yomiuri reports Nippon Life to buy co.'s insurance unit for 220b yen (A$2.51b)", source note.

    According to Sean Lee, Founder at FXWW: "Might give AUD/JPY an intraday boost purely from psych standpoint."
    For more information, read our latest forex news.

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