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Market Summary
In today's Tokyo stock market, the Nikkei average stock price started at 38,833.90 yen, up 29.25 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2,754.00, up 13.81 points.
Top News
Currency traders who are not swayed by the risk of market intervention, even with 170 yen in sight.
Traders expecting further weakening of the yen are not concerned about the possibility of intervention by the Japanese currency authorities, and there is a risk that the yen could fall to the highest dollar-yen level since 1986. According to Mitsubishi UFJ Financial Group Asset Management and Mizuho Bank, as the preference for higher yields in the dollar continues and yen selling persists, there is a possibility that the yen could depreciate by about 10 yen from current levels to 170 yen per dollar.
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