15 Sep 2015
Nikkei 225 up more than 1%, risk appetite picking up
FXStreet (Bali) - The current market profile in Asia has been adjusted towards a more neutral to positive risk environment following Monday's sharp losses, led by the Shanghai Composite, with today's Nikkei 225 opening up 1.3% despite losses seen in EU/US equity indexes on Monday.
Risk appetite picking up
The fact that those losses in the SP500 and Euro Stoxx50 were not translated into a higher EUR/USD nor a lower AUD/JPY was suggestive of a market not fitting into the conventional belief of risk aversion, and today's positive open in Asia, supports the notion of an environment still prone to extend risk-seeking trends as seen in Aussie.
USD/JPY, EUR/USD help tell the risk story
The fact the USD/JPY is breaking higher through 120.50 in the early going of Tokyo, together with a lower EUR/USD around 1.13 (despite trend remains up) warrants caution to those intraday traders looking to position for risk-off plays on the Yen and/or Euro in Asia today.
Risk appetite picking up
The fact that those losses in the SP500 and Euro Stoxx50 were not translated into a higher EUR/USD nor a lower AUD/JPY was suggestive of a market not fitting into the conventional belief of risk aversion, and today's positive open in Asia, supports the notion of an environment still prone to extend risk-seeking trends as seen in Aussie.
USD/JPY, EUR/USD help tell the risk story
The fact the USD/JPY is breaking higher through 120.50 in the early going of Tokyo, together with a lower EUR/USD around 1.13 (despite trend remains up) warrants caution to those intraday traders looking to position for risk-off plays on the Yen and/or Euro in Asia today.