Asian Stocks Higher on Thursday

Stocks in Japan and China led most Asian shares higher on Thursday despite ongoing investor concern in the US over a possible interest rate rise by the US Federal Reserve.

Japan’s benchmark Nikkei 225 closed up 1.43% at 18,991.11 points, with shares boosted by a weaker yen.
The US dollar was at 121.30 yen on Thursday in Tokyo compared to 121.44 yen in US trade.

A weaker yen gives a boost to Japan’s big exporters.

It helps make their products cheaper to buy overseas and gives a boost to their earnings.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza