Japanese yen’s strength that had damped risk appetite late week continues to haunt Asian markets on Monday. Although some markets (e.g. Hong Kong, China) are closed on Labor Day holiday today, Japanese shares extend last week’s slump. At the time of writing this report, the Nikkei 225 index is trading at a 3-week low of 16 062, down -3.62%, following a -5.16% decline last week.
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Risk Appetite Diminished on Yen’s Strength
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