Thursday, February 28, 2013

The Weakening Of The Yen Back Sokong Nikkei Rally

Pelemahan Yen Kembali Sokong Rally Nikkei

Monexnews-Japan's Nikkei Index – resumed rally on day trading Wednesday (20/2) as the yen briefly strengthened kembal after imelemah in the previous session.

The strengthening of the yen mainly due to the emergence of the previous concerns in the market that Japan won't be able to pursue strong policies reflasi mix as previously expected. Reflasi is a policy that aims to restore the condition of Japan's economy to readily kala.

The Rally also was helped by Nikei trade data are positive that Japan release in the morning session. The index rose 1.1% was recorded and ranges in the area 11495.29 after rising to 11510.52. Meanwhile, the yen was trading at 93.70 range after briefly strengthened to 93.51 early in the session.(dar)

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Title Post: The Weakening Of The Yen Back Sokong Nikkei Rally
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Author: Mohammad Zulfi Satriawan

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