Asian binary options markets fell this morning, as economic uncertainty in China and the United States combined with political tensions in Ukraine to keep investors cautious and commodities under a cloud. In fact, Asian binaries with the regional benchmark set for its biggest decline in five weeks, as Japanese equities sank on a stronger yen and mining companies slid amid concern about China’s economic outlook.
While Asian futures lost ground, also oil dropped and emerging-market and commodity-linked currencies weakened amid concern that China’s economy may be faltering. Gold advanced and copper traded near its lowest since July 2010.
Japanese binary options decreased with the Topix (TPX) index capping its biggest drop in the last five weeks, after the yen gained yesterday as many binary investors weighed China’s economic outlook. Shippers retreated. At the same time, Japan’s Nikkei index retreated by 2 %, continuing the seesaw pattern of the past couple of months, while Australian futures shed 1 percent in early trading. In addition, T binary optionsoyota Motor Corp., the world’s biggest carmaker, slid by 2 %.
The Bank of Japan yesterday kept a pledge to expand the monetary base at a pace of 60 trillion to 70 trillion yen ($680 billion) per year, the central bank said in a statement in Tokyo.
The yen traded at 102.92 per USD after gaining 0.2 % yesterday, the most in more than a week. The yen rose for a fourth day versus Australia’s dollar before data on Chinese retail sales and factory output tomorrow. Demand for Japan’s haven assets was also bolstered by the standoff over Ukraine’s Crimean peninsula. The Aussie weakened after a report showed a decline in consumer confidence.
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