FXstreet.com (London) - Continued where they left of before the long Christmas weekend, flying to 2009 highs and currently trading at 10640.50. With the spate of recent good global macro data, investors are seeing more upside than downside in stocks, and seem to be loading their baskets ahead of the New Year.
Asian stock markets midway through the Asian session are as follows, with continued Japanese weakness helping the charge: Nikkei 225 +1.8%, Australia's S&P (closed), and the Shanghai Composite +1.7% [Data source DowJones]
USD/JPY trades at 91.55, almost flat after Yen weakness recovered early loses on the pair due to profit taking on the Greenback. The Yen slowdown has been welcomed by the Japanese government and central bank. BoJ recently expressed that they will do whatever it take to prevent deflation and cap the ever-strengthening Yen.