Market Talk – April 19th, 2016

April 20, 2016

An encouraging session for Asia over night but especially the Nikkei. Bouncing from yesterdays lows with an enticing 600 point (3.7%) rally. We did not see that response from either the Shanghai or Hang Seng but positive sessions for both is acceptable for any day. The JPY remains a focal point between dealers as all are looking for clues ahead of the next potential move. For the past three weeks the JPY has bounced off of the Reversals so will be extremely interesting to watch Fridays close.

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