Nippon Life to buy NAB's insurance unit for 220b yen: Watch AUD/JPY

FXStreet (Bali) - Bloomberg is reporting that NAB shares have been halted in Sydney.

"Yomiuri reports Nippon Life to buy co.'s insurance unit for 220b yen (A$2.51b)", source note.

According to Sean Lee, Founder at FXWW: "Might give AUD/JPY an intraday boost purely from psych standpoint."