XE Market Analysis: Europe – Sep 28, 2015

The yen has traded firmer amid a backdrop of mixed stock markets. More disappointing data came out of Chia, where industrial profits fell 8.8% in August, the third consecutive month of decline. The Shanghai Composite gave up intraday gains and was showing a 0.5% in late PM session, while Japan’s Nikkei 225 closed with a 1.6% loss and Australia’s ASX 200 with a 1.2% gain. Conditions were thinned by the absence of Hong Kong, Korea and Taiwan, which were closed for the Mid-Autumn Festival. China is also about to start a week-long holiday.