Tokyo Stock Exchange closed negative on strong yen, volatile oil prices – Reuters Italy

TOKYO (Reuters) – the Nikkei ended down today’s session, with the yen rose against the dollar after a rebound in crude oil prices has rekindled the demand for the Japanese currency.

the Nikkei has lost 1 , 4% to 15,836.36 points, while the broader Topix index was left on the ground 1.1% to 1282.4 points.

“the rally itself was amazing but very thin and the inability of the yen to continue on the path of steady weakening of the last couple of days has been reflected nervousness in the Nikkei, “said Stefan Worrall, director of the Japan equity sales at Credit Suisse.

“it’s been two weeks very volatile and the nerves are still on edge even if we are no longer at the extreme level views sessions last week,” he added.

last week the yen has touched 16-month high against the dollar. The currency trend is closely watched by Japanese investors, worried about the global economic slowdown, volatility in crude oil prices and how banks will react to politics of negative rates implemented yesterday by the Bank of Japan.

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