020 7898 0500Japan’s Tokyo Stock Exchange Tokyo Price Index (TOPIX) fell for the fifth time in six days as a strengthening yen continues to damage Japan’s export market. After climbing 1.7% and 1% against sterling and the US dollar respectively, the yen is now holding highs against both and is one of the best performing currencies of 2016. The flight to safe haven assets continues.
It is actually the best time since 2013 to convert yen into sterling!
There is very little significant data out from the Japanese economy this week. Tomorrow central bank Governor Kuroda is set to speak and is expected to address the ongoing low inflation rate and problems facing the Japanese economy in the face of the strong yen.
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