by Martin Armstrong
Armstrong Economics
Unfortunately, it was just the Nikkei that prevented a positive “clean-sweep” for core Asian indices today. The Nikkei remains nervous ahead of the BOJ despite the JPY showing no signs of reversing its recent weakness, as YTD it remains down 7.5%. China and Hang Seng both saw late rallies take them back into positive territory closing +0.5% higher on the day. A weaker JPY has boosted the Nikkei this evening and so in late US trading the Nikkei joins the rally (currently up 1%).