Monday 28 September 2009

Shanghai Composite turns negative, Nikkei trades under 10,000

The Shanghai Composite is trading in negative territory after opening up this morning, currently its down 0.3%, as weak Shanghai copper prices weigh on the Index. The move lower has accelerated the Nikkei's losses, now trading under 10,000, down 2.8% as a strong Yen contiues to hit shares of exporters.

Fujii says currency moves becoming one-sided, USDJPY edges higher, Fu

In his latest comments, Hirohisa Fujii said that currency moves were becoming one-sided in favour of a rising Yen, and that he was watching the Yen's rise carefully. He said he favours stable currency moves. Seems he has changed his tone a bit after such a big move. USDJPY has moved up thru 89.30.

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