Asian markets are expected to open to increase following the positive sentiment from the US session. The main reason for the positive sentiment was the depreciation of the yen against the dollar and the rise in oil prices.
Australian SPI futures rose 0.6% to 5364. Nikkei futures in Chicago rose 0.09% to 16,820, while Osaka futures added 1.15% to 16,770.
Japanese exporters are expected to gain momentum on Wednesday after the yen weakened further against the US dollar. Yen traded at 109.27 levels against the greenback.
During the Asian session we expect data from Australia for Home loans and Invest housing finance, as the Australian dollar remains under pressure.
At 4:10 we expect RBNZ Gov Wheeler to make a statement, as in previous one at 00:05 boosted the New Zealand dollar.
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