Nikkei's early gains unravel as yen rebounds



* Nikkei pulls back from 17,000 resistance as yen pares losses
* Suzuki shares rise on news of possible Toyota tie-up
Oct 13 Japan's Nikkei share average gave up early gains and slipped on Thursday as the yen clawed back ground it had lost to the dollar.
The Nikkei slipped 0.4 percent by midday to 16,774.26, moving away from last Friday's five-week highs.
"Resistance for the Nikkei lies around 17,000 today, and it is foreign exchange that largely determines whether or not it would be broken," said Yutaka Miura, senior technical analyst at Mizuho Securities.
The dollar skidded 0.5... read more

 
13 October 2016 in World News, Views: 54
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31