by Chris Becker
Mixed to muddling is the result of finishing the week here in Asia as stocks are sold off everywhere except Hong Kong and China as traders position before Fed Chair Janet Yellens speech at the Jackson Hole conference later tonight. The USD is holding firm against all currencies save the Aussie which wants to breakfree coming into the London session, making a three day high above 76 cents:
To stocks first where the Nikkei closed fell over 1% even as the Yen went nowhere as Japanese inflation data came in flat. Meanwhile the Shanghai Composite is currently up 0.3%, with the Hang Seng up a similar amount. just holding on to support above 3000 points at 3070. Eurostoxx futures are pointing to a small drop as we head into the London open.