Asia: Japan Rallies on Yen Trade

When volumes in Japan have increased previously, the Tokyo stock exchange has frozen as it has struggled to handle the higher trading capacity, adds Parry.

Japanese exporters are faring well, and many market participants are now looking for the Nikkei to head towards 15,000, if the dollar continues its ascent. Canon rose 4%, to 5540 yen, and Sony(SNE Quote - Cramer on SNE - Stock Picks) added 3.7%, to 5080 yen.

Elsewhere in Asia, trading was mixed. Taiwan's Taiex climbed 0.2%, to 8684.92, and India's Bombay Sensitive Index lost 1.3%, to 16,316.26.

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Be sure to check out the Far East Portfolio at Stockpickr.com to find out which Indian and Chinese companies are making big moves and announcing major news.

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