Japan Stocks Rise Again as Yen Weakens


Japanese stocks rose, with the Topix headed for a third day of gains, as the yen touched a seven-year low against the dollar after minutes of the Federal Reserve highlighted a divergence in global monetary policy.

Toyota Motor Corp., which gets about 30 percent of its sales from north America, added 1.1 percent. Toray Industries Inc. jumped 4.4 percent after Iwai Cosmo Securities Co. raised its outlook on the textile maker’s stock. Takata Corp. dropped 4.9 percent, extending yesterday’s slump, after the U.S. demanded a nationwide recall of the car parts maker’s airbags.

The Topix added 0.3 percent to 1,400.78 as of 9:20 a.m. in Tokyo, with about five shares rising for every three that fell. The Nikkei 225 Stock Average gained 0.4 percent to 17,353.68. The yen traded at 118.08 per dollar after slumping to 118.27, its weakest level since August 2007.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD retreats below 1.0700 after US GDP data

EUR/USD retreats below 1.0700 after US GDP data

EUR/USD came under modest bearish pressure and retreated below 1.0700. Although the US data showed that the economy grew at a softer pace than expected in Q1, strong inflation-related details provided a boost to the USD.

EUR/USD News

GBP/USD declines below 1.2500 as USD rebounds

GBP/USD declines below 1.2500 as USD rebounds

GBP/USD declined below 1.2500 and erased the majority of its daily gains with the immediate reaction to the US GDP report. The US economy expanded at a softer pace than expected in Q1 but the price deflator jumped to 3.4% from 1.8%. 

GBP/USD News

Gold drops below $2,320 as US yields shoot higher

Gold drops below $2,320 as US yields shoot higher

Gold lost its traction and turned negative on the day below $2,320 in the American session on Thursday. The benchmark 10-year US Treasury bond yield is up more than 1% on the day above 4.7% after US GDP report, weighing on XAU/USD.

Gold News

XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger

XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger

Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP. 

Read more

After the US close, it’s the Tokyo CPI

After the US close, it’s the Tokyo CPI

After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.

Read more

Majors

Cryptocurrencies

Signatures