By Wire News
– Japanese stocks sold into the close despite the yen easing against most other currencies. Concerns about the Mueller investigation ultimately overshadowed tax-reform legislation clearing the Senate. Although dollar-yen should’ve benefited from “favorable” US interest rate differentials, traders are “not banking on clear sailing” into the Y114-range given the Russia-linked investigation headlines, says Stephen Innes, senior trader with Oanda. The dollar is at Y112.80, steady with there it was when local stock trading started today and versus Y112.25 late Friday in New York. The Nikkei fell 0.5% to 22707.16 amid some fresh tech weakness; camera maker Olympus slid 4.7%, its worst day in 4 months. (firstname.lastname@example.org; @SuryatapaB)
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