Nikkei Correction on Weekends Due Yen
Learn Stocks : Nikkei - Japan's trade terkroreksi on weekends (Friday, 22/3) is mainly due to the impact of the yen's rise overnight in the middle of Cyprus face deadline aid deal and after the Bank of Japan's new promise to further loosen but with new detailed picture.
The headline Nikkei index slumped 1.5% recorded or range -189.01 to 12,446.68, erasing all the gain of 1.3% in the can on Thursday. Overnight U.S. dollar fell from levels above 96 yen to a level below 95 yen, precisely towards 94.56 yen. So the effect of the exporters to sell these days, especially on the blue chips.
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