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Nikkei 225: Strong open above +1%, tracking US equity gains

FXStreet (Bali) - The Nikkei 225 opens up by around 1.1% or just under 200 points higher at 18,270.00, tracking solid gains in the SP500 overnight, up by 1.49% at 2023.66.

Risk-on returns, SP500 soars

Equities in the US were initally boosted by an improved US CPI reading, with the risk appetite extending despite big misses in regional US manufacturing numbers (Empire State Manuf Index and Philly Fed Manuf Index).

Pessimism over Fed rate hike in 2015 remains

Even as the risk environment towards equities improves, the market continues to price out a Fed rate hike in 2015, with odds now at 50/50 for a March 2016 rate hike, according to data obtained via CME Fed fund futures.

FOMC tipped for Dec on CPI's/PCE - Nomura

Analysts at Nomura explained that the strong gains in rental prices in the CPI point to a larger increase in core PCE inflation in September.
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USD/JPY: bulls not giving in without a fight

USD/JPY has opened relatively mixed with a slight bid as we progress in the open on the 10 minute sticks, up a handful of pips while the Nikkei opens strongly mirroring the strong performance on Wall Street today...
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