The Nikkei did manage a positive close for the end of the week but finished down just over 2% on the week. The JPY continues to play around the par level until the stock markets decide their direction. Shanghai and Hang Seng closed mixed in thin summer trading in what can only be described as lethargic trade. With very little in the way of data to get excited about in either Europe or the US markets were content to drift into the weekend.
This post was published at Armstrong Economics on Aug 19, 2016.
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