Yen Reversal Case Builds as Nikkei Rally Looks Overextended

Risk sentiment was mixed in Asia today as Japan returned from holiday with Nikkei extending its post-election surge and briefly breaching the 58,000 mark for the first time on record. The breakout, however, lacked follow-through, with the index quickly trimming gains and hinting that near-term momentum may be stretched. Elsewhere in the region, trading was
The post Yen Reversal Case Builds as Nikkei Rally Looks Overextended appeared first on ActionForex.

Risk sentiment was mixed in Asia today as Japan returned from holiday with Nikkei extending its post-election surge and briefly breaching the 58,000 mark for the first time on record. The breakout, however, lacked follow-through, with the index quickly trimming gains and hinting that near-term momentum may be stretched. Elsewhere in the region, trading was […]

The post Yen Reversal Case Builds as Nikkei Rally Looks Overextended appeared first on ActionForex.

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