Nikkei 225 Likely to Rise as Yen Weakens

Deep News12-22 07:50

Japanese stocks are poised for gains as the yen weakened sharply following the Bank of Japan's highly anticipated interest rate hike on Friday. Nikkei futures on the Singapore Exchange rose 1.9% to 50,465. The USD/JPY pair climbed to 157.61 yen, up from 155.95 yen at Friday's close in Tokyo. Investors are closely monitoring the progress of Prime Minister Takaichi Sanae's policy measures aimed at boosting the country's economy. The Nikkei 225 index gained 1.0% on Friday, closing at 49,507.21.

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