Japanese stocks rebounded, with the Nikkei 225 temporarily gaining more than ¥1,600 and recovering to the ¥69,900 range. The US jobs report came in below market expectations, prompting the market to focus on reduced expectations for a US rate hike.
Tokyo stocks rebounded on the 5th, with the Nikkei 225 temporarily gaining more than ¥1,600, recovering to the ¥69,900 range and reaching an intraday high.
The US jobs report released on the 2nd came in below market expectations, prompting a broad view that expectations for a US rate hike were receding.
In response to market movements, the yen traded in the upper ¥157 range.