Epic Research Singapore : Forex Market Update

Coming back online after a long New Year break, the Nikkei Average JP:NIK -2.22%  fell 2.3% on Monday. A firmer yen USDJPY -0.50%  was the main catalyst, which had pushed higher against the dollar in the period over the holidays.  
 Elsewhere, the moves were more moderate — Australia’s S&P ASX 200 AU:XJO -0.47%  dropped 0.3%, Singapore’s Straits Times SG:STI -0.06%  added 0.1% ,and the Philippines’ PSE Composite PH:PSEI +0.32%  lost 0.1%. 

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