DislikedWSJ Article Seen Behind Nikkei Afternoon Rally Tokyo, October 23. The Wall Street Journal article \"Plans To Aid Borrowers Gain Steam\" talking of some $40 bln in aid to help forestall foreclosures looks to be behind the afternoon rally in the Nikkei. From close to a 7% decline, the Nikkei has rallied back considerably. At 8478.77 currently going into the TSE close, the Nikkei is down only 195.92 points or 2.26% on the day. It was as low as 8016.61 earlier this morning, plunging from 8547.79 at the open. The rise in the Nikkei this afternoon has seen most JPY pairs trade back up from early afternoon lows. USD/JPY is trading 97.47/49 at writing, up large from 96.85. EUR/JPY too has rallied from a low of 123.40 this afternoon to 124.85/89 at writing. [email protected]Ignored
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