The Nikkei 225 extended its decline, with trading in the 11:00 hour showing little movement compared with the morning session, while USD/JPY traded temporarily in the upper ¥155 range. Moves in U.S. equities and Shanghai remained limited.
The Nikkei 225 extended its decline, standing at ¥63,396.00 as of 11:00, down ¥88.10 from the previous day. USD/JPY was ¥155.28, a change of +¥0.17. The Dow in the New York market stood at 52,093.11, down 328.09, while the Shanghai Composite stood at 3,864.27, down 21.05, with both showing only limited movement.
The price action described in the lunchtime comment was characterized by a lack of clear direction, despite periods of mixed buying and selling. While the Nikkei 225 continued to decline, other markets also remained short of significant catalysts.