TOPIX rose shortly after the market opened on the 16th, while automakers and banks traded firmly. Market reports attributed the moves to a weaker yen, higher oil prices and rising long-term US Treasury yields.
TOPIX rose shortly after the market opened on the 16th, with automakers and banks pushing the market higher. Movements in major sectors were the market’s focus.
The yen was reported to be weakening against the US dollar, while dollar buying and yen selling were said to be prevailing against a backdrop of higher oil prices and rising long-term US Treasury yields. Ultra-long-term interest rates are rising in the bond market.