Japanese shares continue to rise


The Nikkei 225 has risen 1.95% to close at a six-month high of 15,165.92, which also represents a 7.7% gain since last Friday - the best weekly performance this year.

As has often been the case with these things, the yen has traveled in the opposite direction, with the USD-JPY +0.3% to ¥100.36.

The USD-JPY appears to still be feeling the effects of Finance Minister Taro Asa saying that the government still has the option of intervening in currency markets to keep the yen down.

Janet Yellen's dovish comments at her confirmation hearing have been soothing stock markets that have been concerned about Fed tapering, although shouldn't her remarks be helping to weaken the dollar?

ETFs - Stocks: EWJ, NKY, EWV, EZJ, ITF, JSC, JPP, DXJ, SCJ, DFJ, FJP, JPNL, JPNS, DXJS. Bonds: JGBT, JGBL, JGBS, JGBD. Currency: FXY, JYN, YCL, YCS

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