The Nikkei has had a successful morning in today's (April 22nd) trading and it is close to a five-year high for the index.
It was up by more than two per cent to close in on the five-year landmark, helping to erase some of the losses of last week.
Biyi Cheng, head of dealing Asia Pacific at City Index in Sydney, told Reuters that investors are behaving "cautiously" at the start of the week, "as the market lacks a clear direction for the moment".
European stock markets were also seen to be recovering and it is expected that London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX are set to open between 0.4 to 0.8 per cent higher.
The dollar was at 99.71 yen, just down from an intraday high of 99.89, but Yuji Saito, director of foreign exchange at Credit Agricole in Tokyo, said it is only a matter of time until it hits 100.
Friday last week saw the Nikkei rise during morning trading as the latest meeting of the G20 world leaders got underway.
Learn about the Asian markets and CFD trading at City Index
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.