ONE: Nikkei improves as yen remains low against dollar
The recent drop of the yen against the dollar helped the Nikkei to rise 0.5 per cent in trading earlier today (November 25th).
Reuters reports that the Japanese index began to creep towards the five-month high it reached earlier this week as demand from international investors also seemed to increase.
While dollar fell by 0.1 per cent against the yen, it remained close to the seven-week high that was hit a few days ago, those involved in online forex trading may be interested to hear.
Earlier this week, Barclays Capital Japan equity strategist Fumiyuki Takahashi told Reuters that the market is starting to become aware of Japanese exporters' resilience against the strength of the yen.
"Their profitability has been improving more than the market had expected," he remarked.
The comments came after concerns about the yen's strength waned at the start of the week, resulting in the Nikkei average rising by nearly one per cent to reach a five-month high at the close of trading on Monday (November 22nd).
