News Headline Summary

JPY continues to strengthen across the board, reversing earlier weakness seen after the Bank of Japan October minutes

Analysis details (03:15)

- Earlier weakness was observed after the bank of Japan's October minutes where they said they proposed to strengthen commitment to easing policy.
- Moderate risk off tone is seen across asset classes with Asian equities giving up earlier gains as Chinese equity markets opened; were also seeing EUR weakness.
- We have also had reports that US lawmakers have made little progress in the last 10 days regarding the looming fiscal cliff which could gain some traction as participants are still very aware of the potential consequences of the US going over the cliff.

26 Nov 2012 - 03:08 - - Source: RANsquawk

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