Forex | Forex | Asian Session: Mixed Tankan only rattles but doesn't shake newfound optimism (01/07/2009 10:35:45)

Asian Session: Mixed Tankan only rattles but doesn't shake newfound optimism

Market Brief Asian markets traded sideways this morning as risk aversion returns as US consumer confidence figures. The Nikkei 225 was down -0.19% and the Hang-seng posted a -0.81% decline. The business sentiment in Japan improved from March’s reading and is expected to improve further in September. This said the Tankan failed to offer signs of a “broadening” or “self-sustained” economic recovery. The USDJPY continues to rise in stepping stone fashion, brief periods of consolidation followed


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