Asian markets will open almost unchanged and without a clear direction after US markets closed with small decreases.
Japanese Nikkei225 is expected to open 7 points lower at 16 643, while the Australian ASX200 5 points higher at 5542 prices, according to the IG.
We may see cautious trading awaiting data from China at 4:30 about CPI and PPI. The uncertainties about the second largest economy in the world remain open as worse than expected data could lead to sales and decclines, and better than expected data will support the stock market.
The latest depreciation of the yen is positive for exporters in Japan and will support the price of the Japanese index. Currently the pair USD / JPY is traiding at 102.43 against its last bottom at 100.65.
Jr. Trader Nikolay Georgiev
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