An 80 point rally from today’s lows, which, in the context of recent Asian market moves is huge.
Its being attributed to the talk of corporate tax cuts, here and here. Such talk, rumours, news, snippets, have been never-ending in recent weeks, but today’s items seem to have been taken on board by the market.
The Nikkei, too, likes it:
I’m adding this at 0356GMT: – USD/JPY has had a big upmove, it seems more related to this rather than the Kyodo report