Wednesday, 15 June 2016

ASIAN MARKET NEWS 16 June 2016

The Nikkei 225 was down 1.24 percent as the yen tumbled as low as 105.21 against the dollar in morning trade, compared with levels around 106.25 on Wednesday afternoon local time. At 10:42 HK/SIN, the dollar yen was at 105.35 tapping its lowest levels since late 2014.
The yen's strength came despite jawboning likely aimed at weakening the currency. Japan's chief government spokesman said the yen's moves were being closely watched, calling the appreciation rapid and speculative, according to a Reuters report.


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