It’s a strong day for Japanese stocks as they ratchet higher to close out the week. The Nikkei 225 is up 1.5% and threatening the December high. It’s a quick bounce back after the risk rout in Asia yesterday.
The market has been trading sideways for the past six weeks after a sharp rise in October. Notably, there have been a series of higher lows in a sign of steady accumulation, even at the tail end of a great year.
The Nikkei is up 27% this year so far and the yen is roughly flat (though it’s been volatile)
Nikkei jumps 1.5% as it looks to close the week one a high
