The Nikkei average opened modestly higher on the 12th, with buying leading on the weaker yen. In the US stock market, the Dow and Nasdaq fell, while the SOX rebounded.
The Nikkei average opened at 66,994.05 yen, up 23.83 yen from the previous day, and began trading. In the US market, the Dow and Nasdaq continued to decline, while the SOX index rebounded. Buying prevailed in the Tokyo market on the weaker yen, although the market briefly turned lower during the session.
In the Tokyo foreign exchange market, USD/JPY traded in the first half of the ¥159 range, while EUR/JPY was in the latter half of the ¥183 range. Buying led on the weaker yen, but price movements were volatile.
The yen-denominated settlement price for Chicago Nikkei 225 futures was 67,065 yen, down 95 yen from the previous day.