It was predictable that the gigantic and commendable 'Abenomics' experiment would have brought volatility to the markets. And after yesterday's storm, the Japanese stock exchange keep going down. Tokyo which, as we know, had benefited from a long and apparently unstoppable rally, is losing about 3% while the yen continues to sail above 102 and appreciate after the statements by the governor of the Bank of Japan, Haruhiko Kuroda. He stressed that the Japanese central bank has announced "enough stimulus". Meanwhile, Hong Kong has also turned negative. At the end of the week, the index will mark a clear regression, which is physiological after the previous long gallop.
In fact, the news fromreal economy, which yesterday, with the Chinese data of the PMI index below 50, had provided the spark that caused the markets saturated with laughing gas to implode, have become more reassuring, with the positive data from the United States both in terms of unemployment benefits and of new home sales.
THEeuro it is just above 1,29 against the dollar while the Australian dollar has fallen again, below the exchange rate of 0,75 against the single currency. L'gold remains weak. The fact that the yellow metal has not benefited from the renewed tendency of central banks to quantitatively expand the currency is an indication of an underlying weakness that will have the opportunity to express itself again.
http://www.bloomberg.com/news/2013-05-24/asia-stocks-rise-as-japanese-shares-rebound-from-slump.html
