The Asian session will open Higher

Only the Nikkei is expected to open lower, ASX indicates slight up opening for now at least, China markets are signaling for better open, as the American futures of the indices are up as well. Investors are still cautions as the BOJ disappointed the markets on Friday with not lowering the interest rates as expected but only increased the stimulus. The JPY was strong.

Fundamentally, the JPY should be weaker, after all these stimulus pumped into the economy and the weak economic data, but the investors supported instead. This may not continue as the FED did open the door for at least one rate hike even if this can happen during the December meeting. BOE is not sure if it is going to lower the rate for the UK, as they are awaiting more data from the economy and its state after leaving the EC. Canada also left the rates unchanged, and so is the ECB. This can support all other currencies against the JPY.

There are no big negative news, world wide that can flip the positive views in the markets, but they are at a historic highs. The stress test in Europe were positive and most banks scored results that were within the norms. The US dollar does remain stable but not very strong, it is struggling to keep the levels that reached over the last month. The corporate financial reporting is about to end now and even with lower expectations most companies reported better results. Maybe this will be the beginning of the correction of the indices as the reporting results kept the indices going up. We continue to see lower price in Oil and if this continue then Oil could enter into a Bear market, which will not be good for the indices.