King of the World

From business.nab.com.au

A memorable week for markets concluded with the AUD at the very top of the G10 currency pile, up 2% with positive risk sentiment firmly in the driving seat and the JPY firmly at the bottom after the BoJ left policy unchanged and Governor Ueda gave no succour to those (like us) looking for a shift out of next month’s meeting. AUD/JPY rallied by a cool 4.7% on the week. A small dose of US equity market profit taking Friday still left the S&P500 up over 2.5% and firmly back in bull market terrain. This was nothing compared to the 4.5% gain for the Nikkei, by far the DM world’s best performing market, followed by the ... (full story)