Overnight

The Nikkei jumped 1.6% in early trading Friday rebounding from the day before losses as the Bank of Japan continued to hold fast on its no new stimulus packages. Hitting 15, 677. 78 it was a big day coming Thursday's 3.1% losses in the index. The index is set to have its largest weekly drop, 5.6%, in 16 weeks.

 Part of the upswing in Asian stock some say owed to the U.S. market breaking its five-day losing streak. Besides the Nikkei, the ASX 200 was up 0.2%, the Kospi edged 0.52% higher and the Hang Send posted a 1.0% gain. In China the two composites, Shanghai, 0.81%, and the Shenzhen, 1.39%, were both higher. Brexit remains where much of the attention is going and the tragic news today that a UK Brexit stay PM died after being shot and stabbed by what was announced by the media as a Brexit supporter will have to play out before the vote next week. Though the man was reported to be a former psych patient, this is not what anyone wanted or needed irrespective how strong people feel about their positions. Two young children are now without a mother.

In currencies the dollar/yen traded as low as 103.58 and the yen appreciated against the euro at euro/yen 117.75, up from 115.46 the day earlier. Currency moves seem to more in focus among investors than before, particularly in Asia as they look to the U.S. and any signs of a real recovery there.