Asian Session – Aussie down on weak inflation; Stimulus expectations push yen lower again
Posted on July 27, 2016 at 7:57 am GMTHopes of fiscal and monetary stimulus in Japan raised risk sentiment in Asian trading on Wednesday as the yen reversed yesterday’s gains to head lower again. Markets were boosted after Japan’s Prime Minister, Shinzo Abe, reportedly said today that the planned fiscal stimulus package will total more than 28 trillion yen. The figure is higher than earlier reports of 20 trillion yen and is said to include measures to counter the negative impact from Brexit. There were also rumours that [..]