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Asian markets rallied this morning boosted by the Nikkei after a rise of almost 4%, after Toyota raised their profit guidance to levels not seen in 5 years, the stock rallied 5%. Elsewhere, the Australian dollar fell to year lows after data released showed a fourth consecutive monthly drop in retail sales.

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Asian markets are sharply lower this morning on renewed concerns over the Eurozone and a couple of notable earnings disappointments. HTC fell around 7% after releasing revenues below forecasts and Hitachi fell 6% after lowering their operating profit forecast for the year by some 13%.

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Asian stocks rose to their highest level in 18 months on the back of stronger global economic data. China released data yesterday which showed that services industries grew at their fastest pace since August. In Japan, Panasonic gained almost 20% after the company unexpectedly announced a third quarter profit, whilst Sony climbed around 9%.

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Asian markets were firmer this morning with the Nikkei reaching levels not seen since 2010 on better corporate earnings and a weaker Yen. Elsewhere, China released manufacturing data which was weaker than expected, with the official PMI coming in at 50.4.

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Asian markets have retreated from multi month highs made yesterday, on weaker than expected macro data out of the US and Japan. Japanese industrial output rose 2.5% last month, below forecasts. Nintendo fell over 5% after lowering their operating income forecasts on disappointing sales of the Wii U.

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Asian markets climbed to a 17 month high this morning, buoyed by better corporate earnings and improving economic fundamentals. South Korea unexpectedly announced an increase in industrial output. Japan closed the session up over 2%.

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In the last couple of weeks I highlighted a couple of levels to focus on, and given that we have blasted through those aforementioned levels it is worth looking at the next possible areas of resistance.

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Asian markets are firmer for choice this morning as evidence showed that Chinese corporate earnings continue to improve. China's Shanghai composite is trading up over 2% at levels not seen since June of last year. Elsewhere, the Nikkei is slightly lower despite another day of Yen weakness, and exporters are again lower in South Korea following comments from Samsung on Friday on the impacts of a stronger Won.

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Korea's index was dragged lower by Samsung which traded 3% lower despite releasing better than expected earnings after saying the stronger Won is hurting profitability.

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Japan's Nikkei was again the standout mover rising over 1%, as the deputy Prime Minister said that he sees no problem with the Yen at 100 and Abe should not be discouraged in his stumilus efforts, with that the Yen was firmer back above 89.

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Asian markets are lower for choice this morning with the Nikkei dragging sentiment by moving just over 2% lower. The decision by the BOJ to delay further stimulus measures has pushed the Yen higher, now trading just higher than 88, and as a consequence exporters have suffered. Elsewhere in the region, South Korea's finance minister has said that they will be willing to intervene to curb excessive strength in the Won.

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Bank of Japan's latest meeting: The BoJ confirmed that it will shift its inflation target to 2% from 1% and introduces an 'open ended' programme of asset purchases. This will begin when the current programme concludes at the beginning on 2014, as a result it triggered a mixed market reaction. Both the Nikkei and yen reversed their initial moves.

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Asian markets are mixed this morning, the standout mover being the Nikkei down around 1% as the BOJ hold the first day of their 2 day policy meeting. The Yen strengthened after comments from an Abe advisor said that the BOJ should slow easing if the currency weakens too much, as a result the exporters were hardest hit.

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Asian markets have moved sharply higher this morning with the Nikkei up over 2% with the Yen making fresh two and half year lows after a meeting between the BOJ Governor and the country's economic minister said there was room for further Yen weakness.

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Earlier in the week I highlighted a couple of levels to watch out for. We broke 5618 on the Dow Transports earlier in the week, from a Dow theorists perspective we would need a break to new highs in the Industrials now for confirmation of the bullish move.

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