4 Feb 2014
Nikkei 224 crashes 4%, weighs on Yen crosses
FXStreet (Bali) - The Japanese Yen is strengthening late in Asia, with the Nikkei 225 accelerating losses in the final minutes to close -4.18% on the day.
The benchmark Japanese index is tracking the worsened sentiment from US markets, where the SP500 tumbled more than 2%. As exposed earlier, QE taper combined with bad US data (big miss in the US Manuf PMI) is starting to prove toxic for risk assets.
The benchmark Japanese index is tracking the worsened sentiment from US markets, where the SP500 tumbled more than 2%. As exposed earlier, QE taper combined with bad US data (big miss in the US Manuf PMI) is starting to prove toxic for risk assets.