Japan's Nikkei index fell more than 3% last Monday, extending last week's volatility, leading investors to fear a bout of profit-taking has become a lasting economic growth concerns and broader risk appetite.
Last week, stocks, bonds and money market reshuffle weak yen, Japanese policy makers will tolerate many of the concerns raised, concerns the U.S. Federal Reserve will soon reduce monetary stimulus, weak manufacturing data in China.
However, the U.S. stock market ended last Friday's low, and nearly 2%, U.S. 10-year bond yields steadied, suggesting that investors against the U.S. dollar against the yen and other market will resume its rally will be peaceful.
Financial bookmakers bet on European stock markets rebounded on Monday, closed the U.S. and UK markets. Spreadbetter IG expects Germany's DAX index opened higher by 0.6%, France's CAC 40 index opened 24 points higher, stopping a two-day slide.
In Asia, the Tokyo stock market fell 3.2% to 14,142.65, the Philippine stock market fell 2.3 percent and Indonesia share index fell 1.3%.
Dollar fell 0.3 percent to 101.01 points, not far off a two-week low on Friday hit 100.66.
"It's a little early too caught up in a bearish view, said:" JP Morgan Chase (JPMorgan), chief emerging markets strategist Adrian Mowat, headquartered in Hong Kong.
"Nikkei index is still above the 50-day moving average, and Japan is very overbought."
On Thursday, the Nikkei average fell 7.3 percent, the March 2011 earthquake and tsunami, its biggest one-day loss.
Morgan Stanley in the broadest index of Asia-Pacific shares outside Japan have risen 6.5% in little over a year. Edged down 0.15 percent on Monday after sliding 2.6 percent last week, a month lows, released in May 2012 the biggest decline since.
"Last week's volatility is likely to continue throughout the week," Tachibana Securities strategist Kenichi Hirano said. "But in the Japanese market in the medium to long term fundamentals have not changed, so in the longer term is still upside down."
Other Asian markets also still under pressure, suffered its biggest weekly decline, as investors worried about the Fed dialing their economic stimulus programs and the possibility of a slowdown in China in about a year.
Australia's S & P / ASX 200 index fell 0.4 percent, but the South Korean KOSPI index eke out a 0.3% gain.
"Although the market reaction to see a little bit too far, it is worth noting that between economic growth and stock market performance has been expanded in recent weeks dichotomy implies, the stock market is prone to correction," Mitu (Mitul Kotecha), Credit Agricole market research official said, a note to clients.
Dollar buying emerged?
Supports the view that the Fed may soon reduce its massive economic stimulus plan, data on Friday showed U.S. manufacturing durable goods orders rose more than expected in April, a hopeful sign of factory output slowed sharply, possibly soon to fend for themselves.
This should be music to the ears dollar bulls. In fact, Friday's figures show that currency speculators increased bets in favor of the dollar, since at least June 2008 the highest.
Which tracks the greenback's performance against a basket of currencies, the dollar index hit a three-year high last week, before succumbing pressure level. This is almost flat at 83.59.
In the currency markets last week, most of the excitement centers Nikkei volatility against the yen prompted investors to book profits bearish yen positions. See the dollar recoil from 4-1/2 year high 103.74 yen on May 22 settings.
Still, traders expect the yen decline, the Bank of Japan (BOJ) last month to launch the world's most intense burst stimulation remains unchanged.
On Sunday, the Japanese Bank President Haruhiko Kuroda (Haruhiko Kuroda) said the bank will be alert to overheating or excessive asset price risk financial institutions to take any signs, there is now no sign.
Weakness in commodity markets, the UK and U.S. financial markets closed on Monday holiday. There are major economic news out of Asia ", due to the road are few.
"A calm voice market should ensure yen limited upside potential buyers dollar USDJPY 100 below the horizontal, Kotecha said."
"Re-yen fall as well as some risk appetite and stable potential will give some relief this week, Asian currencies will be relatively strong dollar."
China's central bank strict management dollar fixed at the midpoint of 6.1811. This is a landmark revaluation in 2005, the highest since fixed.
In the spot market, the yuan is almost no change in 6.1316 a dollar.
 
 



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