Tokyo stocks open marginally higher on weaker yen

Friday 03 March 2017 4 months ago 42   Tokyo   Print

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Report  Web desk : Tokyo shares opened marginally higher Friday as the yen remained weak on expectations of higher interest rates in the United States. The gains came as Wall Street retreated from a torrid run spurred by hopes for President Donald Trump stimulative economic policies. The dollar has been rising on expectations of higher US interest rates after a recent string of hawkish comments by Federal Reserve policy-makers. The greenback changed hands at 114.33 yen Friday, and though slightly lower than 114.39 late in New York on Thursday, was still higher than 114.21 in Tokyo earlier that day. (01)