Nikkei tumbles on Yen advance

FXstreet.com (Barcelona) - Local share markets in the Asia-Pacific are overall in the negative, led by the Nikkei index that loses more than -2% on the back of massive Yen strength, being the strongest currency among all majors in last 2 trading days.

The Australian ASX index is down more than -1% along with the Korean Kospi that loses near -1%. Hong-Kong's Hang-Seng is slightly lower by -0.47% recovering from a deeper low at the open, while the Shanghai Composite index has been close to break even but now dips a -0.28%.

No more rate cuts for Australia? Interesting thought, not yet reality.

The RBA’s policy statement Tuesday was being parsed and interpreted throughout the day. Some saw the statement as a warning of no more rate cuts. Are they on to something or just making conversation?
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Flash: Japan's tax hike to sustain mid-term JPY weakness - Nomura

According to Nomura Strategists, a delay in the sales tax hike will be USDJPY negative.
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