Nikkei Records 10th Consecutive Weekly Gain -- City Index Asia

Nikkei Records 10th Consecutive Weekly Gain -- City Index Asia 
SINGAPORE -- (Marketwire) -- 01/23/13 --  City Index Asia -- Japan's
Nikkei index rose an average of 2.86 per cent to record another
weekly gain for the 10th consecutive week, the market's biggest
winning streak since 1987. The gains have been attributed to
exporters advancing on expectations that Japan's central bank will
step up their attempts to ease monetary policy, causing the yen to
Japan's central bank recently made an agreement with the government
to set an inflation target of two per cent, and both are likely to
issue a joint statement confirming the news next week. 
Nikkei's rise of 303.66 points represented the biggest one-day
percentage gain in 22 months. 
Japan's exporters are the biggest winners, with Toyota Motor Corp
rising by 2.1 per cent, Honda edged up 3.2 per cent, while Panasonic
Corp shot up 5.3 per cent. 
Nikkei has risen by around 25 per cent over the last two months,
mainly due to Prime Minister Shinzo Abe's call for further policy
easing, which has subsequently caused the yen to weaken, to the
advantage of the country's exporters. 
About City Index: 
City Index is a leading global platform provider of margined Forex
and CFD trading. As a group, we transact in excess of 1.5 million
trades every month for individuals in over 50 countries worldwide.  
At City Index Asia, we offer tight fixed spreads on 28 of the most
popular Forex pairs including EUR/USD, USD/JPY and GBP/USD. Our range
of web, downloadable and advanced charts based trading platforms
enable you to trade quickly and efficiently. 
CFD trading, unlike other forms of traditional trading, enable you to
go short so you can potentially profit from falling prices as well as
rising markets.  
This information is intended for general circulation only. It should
not be construed as an investment advice or offer or solicitation to
buy or sell any financial products. 
CFDs and margined Forex contracts are leveraged products and may
result in losses exceeding your initial outlay. 
Joshua Raymond 
City Index 
Press spacebar to pause and continue. Press esc to stop.