by Chris Becker
The ASX200 has bounced back this morning, after gapping down more than 1% on the open its now up over 0.6% for a quite a wide daily range, which is normal in this type of action. Maybe the Pascoe Super fund is buying up big?
SPI futures have been bid all morning:
But the Nikkei 225 is getting slammed, down over 3% at the open. Why? Because Yen is strengthening against USD, unlike the Aussie dollar, and the historical correlation of USDJPY to Nikkei has always been high as a result:
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We await the Shanghai open, in about 30 minutes…..