The Nikkei 225 opened higher for the first time in 4 sessions, but its gains narrowed as trading progressed from a level more than ¥399 above the previous day. Following developments in the U.S. market, caution over long-term interest-rate trends remained. The dollar traded in the upper ¥158 range and the euro around ¥184.
The Nikkei 225 opened on the 3rd at ¥64,724.81, up ¥399.17 from the previous day and marking its first rebound in 4 sessions. The Tokyo market began trading amid caution over rising long-term interest rates, while taking its cue from the U.S. market’s reaction.
In the U.S. market on the 2nd local time, NY crude oil futures rose for a third consecutive session, while equities also rebounded from their previous decline, restraining the Nikkei 225’s advance. Although the yen-denominated settlement price for Nikkei 225 futures was higher, gains in the cash market showed a tendency to narrow.
In the Tokyo foreign exchange market, as of 9:02 a.m., the dollar was trading in the upper ¥158 range and the euro around ¥184. Trends in long-term interest rates drew attention as a factor that could influence the market’s subsequent course.