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Thursday, December 26, 2013

Nikkei continues march higher.

Japan's Nikkei 225 has climbed 1% to 16,174 today after finishing above 16,000 yesterday for the first time since December 2007. The yen has weakened and touched a five-year low, and the USD-JPY was +0.4% at ¥104.79 at the time of writing after earlier hitting ¥104.84, the weakest yen level since October 2008. A major factor boosting stocks is the start of tax-free investment accounts, which has sparked buying from retail investors.

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