Nikkei Up on Yen Losses, Europe Seen Flat

Japanese stocks rallied as the yen weakened before the U.S. Federal Reserve’s meeting this week, while Chinese stocks reversed earlier declines amid strong economic data. European stock index futures were little changed.

The yen traded near its weakest in 10 months against the dollar as the Fed begins a two-day policy meeting. Shares in Shanghai rallied and yuan government bonds declined after China’s official data showed stronger-than-expected industrial output and retail sales. Sovereign debt in most other markets snapped declines as oil failed to build on a rally spurred by OPEC’s deal with rivals to curb production.


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This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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