Thursday , 7 November 2024
Home Forex Nikkei gives back all of yesterday’s gains in a 1.3% opening decline
Forex

Nikkei gives back all of yesterday’s gains in a 1.3% opening decline

The shine is slowing being taken off a great year for Japanese stocks. Today’s decline is 1.3% at the open, erasing the modest gain from yesterday and falling to the lowest since Feb 13.

We’re also now well-below the 1990 highs.

I think in the big picture this will be viewed as a healthy dip after a strong Q1 but it may all hinge on falling US inflation.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Japan’s Top FX Diplomat Mimura: Closely watching FX moves with a high sense of urgency

Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign...

China state banks seen selling USD/CNY – intervention to slow yuan drop

They did the same yesterday. They won't stop a rampant US dollar,...

Australian Dollar remains tepid following a lower Trade Balance, Trump’s victory

The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for...

Trump Victory Implications: Market Outlook and Sector Analysis

Abrdn plc (formerly Standard Life Aberdeen plc) is a United Kingdom-based investment...