Nikkei hits multi week highs

The Nikkei hit 7 week highs, up 0.7%, as exporters advanced on a stronger USDJPY. The Nikkei is trading at 10249 after hitting an earlier high of 10260.

Having said that though, USDJPY is struggling to break through 90.00, solid offers line that level as has been the case over the last few days. If 90.00 is regetted again, the Nikkei should follow trading lower into the afternoon. All eyes on 90.00!

Elsewhere the ASX200 is up 0.5%, with the focus on NAB’s surprise bid for AXA Asia Pacific. The Kospi is flat.