Immediately after the open on the 12th, Japanese stocks were extending their gains, with yen weakness and firm corporate earnings driving the market higher. Investors are focusing on the direction of TOPIX and upcoming earnings announcements.
Immediately after the open on the 12th, Japanese stocks were extending their gains, with the direction of TOPIX serving as a factor supporting the market.
One factor behind the market is the yen's continued weakening, with the yen at levels in the upper ¥159 range against the dollar. This may be prompting buying, particularly of export-related stocks.
Firm corporate earnings are providing a tailwind for the market, and attention is focused on how the market will develop depending on the content of upcoming earnings announcements.