Japanese stocks rebound shortly after opening on the 5th as expectations for US rate hikes recede

The story

Japanese stocks rebounded shortly after opening on the 5th. The Nikkei Average rose by just under ¥1,700 at one point, recovering the ¥69,900 level for an intraday high.

At a glance

PeriodRebounded shortly after opening on the 5th

DimensionsNikkei Average up more than ¥1,600 at one point

ValueIntraday high recovered the ¥69,900 level

CauseThe backdrop was a retreat in expectations for US rate hikes following the release of US employment data

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