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By Eurex Exchange
on May 06 2016 12:00 AM
  • PIT

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"PARRY INTERNATIONAL TRADING QUOTED BY MNI IN THE EUREX MARKET OUTLOOK." JAPAN STOCKS: Japanese stocks have posted modest losses during their return from their Golden Week holidays. Gavin Parry MD of Parry International Trading writes "We like the 16,000 level as a support for the Nikkei at the moment and given this relative stability for the Yen holding just under its Y107 handle". He observes that "the lack of volatility in the FX cross to USD is a plus for cash equity stability but we are in a limbo period right now (not just because most of Japan is still off line given the Golden Week holiday period) as we head towards the G7 to be hosted in Japan”.

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