Forex news for Asia trading Tuesday 12 July 2016
Another day of Nikkei strength and yen weakness on stimulus hopes from Japan. The Nikkei surged again, but has since lost some ground. It fell away a little when Economics Minister Ishihara said he hadn’t received any instructions on stimulus from Prime Minister Abe, along with a report from the Nikkei saying the new stimulus package is not expected until August and a supplementary budget required to pay for it all to go the the parliament in the September session. Japan may be able to snatch defeat from the jaws of victory yet again!