Japan hopes for big US shopping season

Japans stock market is hoping for a strong US shopping season to set the tone for the coming week, amid continued concern about the eurozone and its single currency, analysts say.They added on Friday that heightened tensions between the two Koreas has not directly harmed the Tokyo bourse, although the situation poses risks to the region.Daiwa Securities said the dollars continued relative strength — possibly supported by an expected strong US shopping season — could boost the Nikkei index.Further weakening of the yen against the dollar can increase the possibility of the Nikkei climbing higher, it said in a note to clients.The US dollar crawled up to 83.78 yen on Friday afternoon from 83.38 yen a week earlier thanks to a series of bright US economic releases.

Read the rest of the story: Japan hopes for big US shopping season | Finance | BigPond News.

Leave a Reply

Your email address will not be published.