12th September 2014
Japanese stocks continued to rise on the back of a weaker yen today (September 12th), extending their recent rally into a fifth consecutive session.
Despite a mixed session on Wall Street, the Nikkei 225 surged above the 15,900-point level for the first time since January as the dollar continued to strengthen versus the Japanese currency.
The Federal Reserve holds its latest policy meeting next week and is all but certain to announce the exit of its quantitative easing programme and could elaborated on its outlook for higher interest rates.
This comes at a time when the Bank of Japan is widely expected to step up its stimulus efforts in an attempt to meet prime minister Shinzo Abe's two per cent inflation target.
After adding a further 0.3 per cent, the Nikkei 225 closed at 15,948.29 points - its highest since January 8th.
In Hong Kong, the Hang Seng extended its losses into a fifth session, with concerns over the economic slowdown in China causing shares to lose 0.61 per cent. The Shanghai Composite edged 0.1 per cent lower.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.