Year end markets often see a bout of profit taking following a one way market and this year should see the same. However, the uncertainty in the UAE could see the Yen strengthen one more time before following the European currencies...

The fiscal half year end promptly stopped yen strength in its tracks.

But will consumers have the confidence to sustain this?

A return into recent trading ranges could well subdue enthusiasm

Is the mild improvement a true fundamental return to consumer spending?