Tokyo stock market rises thanks to technology, yen stable against dollar
Quick Look
- The Tokyo stock market opens up by 0.98% led by purchases in the technology sector, with the Nikkei at 64,548.77 points.
- The yen remains stable against the dollar at 155.90 after the Federal Reserve's rate hike, while it strengthens against the euro at 178.90, awaiting the Bank of Japan meeting which will end tomorrow.
AI-generated summary
Why It Matters
The Tokyo stock market opens higher after the Federal Reserve's decision to raise interest rates, with investors positioning themselves to await the Bank of Japan meeting.
The Tokyo Stock Exchange starts trading on the rise, driven by purchases of technology, and after the gradual decline in oil prices, awaiting the meeting of the Bank of Japan (Boj) which will end tomorrow. The Nikkei benchmark index advanced by 0.98% to 64,548.77, with a gain of 625 points. On the currency market, the yen is stable against the dollar, at 155.90, following the increase in interest rates decided yesterday by the Federal Reserve, while it strengthens against the euro, at a level of 178.90.
What to Watch
AI outlook — possibilities, not facts
The Bank of Japan will maintain ultra-loose monetary policy at its meeting ending tomorrow
Likely · Within days
Open Questions
- What will be the outcome of the Bank of Japan meeting and what decisions will it make on interest rates?
- Will buying in the tech sector continue in the coming sessions or is this a technical rebound?
