Japanese Stocks Reach 15 Year High

Shares in Japan led most Asian stocks higher on Friday, boosted by a new 15-year high for leading shares there.

In Tokyo, the benchmark Nikkei 225 closed up 1.9% at 19,254.25 points, the first time the index closed above 19,000 since 2000.

A weaker yen, which is good for Japan’s exporters as it makes their products cheaper to buy overseas, continued to support investor sentiment.

The US dollar was worth 121.349 yen, up 0.16% for the day.

Shares in Japan’s industrial robot maker – Fanuc – were up as much as 14% after reports the company might increase its dividend and buy back stock.

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