News Headline Summary

The Nikkei 225 (-0.7%) is suffering from some profit taking after yesterdays 3.1% impulsive jump which was in reaction to the BoJ keeping monetary policy unchanged and extending their loans scheme

Analysis details (00:21)

- The worst performing sector in the Nikkei is the Financial sector which may be taking a hit from the Fed approving new standards for foreign banks that will require the biggest to hold more capital in the U.S.
- A notable gainer in Tokyo is Canon who are higher by 2.1% after the Co. will spend up to JPY 50bln on a share buyback.
- Participants also look forward to BoJ governor Kuroda appearing in the Japanese Diet in around 1 hour and 20 minutes and the results of the MoF auctioning 20 year JGBs which are due at 0345GMT/2145CST.

19 Feb 2014 - 00:12 - Fixed Income Bank Speaker - Source: RANsquawk

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: