Nikkei approaching two-year highs as Yen weakens
|The Japanese stock markets remain well bid on the back of Yen weakness with the benchmark index eyeing fresh two-year highs above 20,318 levels.
The index was last trading at 0.32% or 64 points higher on the day around 20,217.50 levels. A weaker Yen is lifting the exporter issues.
The USD/JPY pair rose to 111.94 on Monday despite the weak US durable goods and regional manufacturing data and extended gains to 112.07 (highest since May 24).
The sentiment remains cautious in the markets outside Japan. Australia’s S&P/ASX 200 is down 0.40%, while South Korea’s Kospi is flat lined.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.