Nikkei Index Poised for Gains on Yen Weakness Boosting Earnings Outlook

Deep News02-02 08:02

Japanese stocks are poised for an upward trajectory, as a weaker yen underpins optimism regarding domestic corporate profits. Nikkei 225 futures on the Singapore Exchange advanced 0.7% to 53,625 points. The U.S. dollar was quoted at 155.09 yen, compared to 153.89 yen at the close of Tokyo trading on Friday. Investors are closely monitoring quarterly earnings reports. Daiwa Securities and Murata Manufacturing are scheduled to announce their results later on Monday. With a general election scheduled for February 8th, Prime Minister Sanae Takaichi's economic agenda is also under intense scrutiny. The Nikkei index declined 0.1% on Friday, closing at 53,322.85 points.

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