Nikkei dips before US jobs data, retailers hit by weak earnings



Oct 7 Japanese stocks dipped on Friday as investors were cautious before an impending U.S. jobs report, a crucial data point that could influence the timing of the Federal Reserve's next rate hike and underpin near-term direction for risk asset markets.
The Nikkei fell 0.2 percent to 16,867.35, following four straight days of gains. The index was still headed for a 2.5 percent rise on the week, helped by a sharp slide in the yen versus the dollar.
The dollar popped above 104 yen late on Thursday before slipping back to around 103.600 on Friday.
"The dollar pulled back slightly against... read more

 
7 October 2016 in World News, Views: 34
Source: Reuters
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