Strong retail sales data from the US has boosted the Nikkei today (April 15th), with the index bouncing back from a six-month low.
The Nikkei hit its lowest close in six months earlier in the month, but a 0.6 per cent rise in the value of the index brought the market to 13,996.81 at the close.
Exporters were boosted by a drop in the value of the yen that was caused by the escalating political crisis in Ukraine, reports Reuters.
A weaker yen is typically viewed as being good news for major Japanese exporters, as they get higher sales for their goods and services when the value of the currency is low.
There was also a gain today for the broader Topix index, which saw a 0.3 per cent increase over the course of the session. The new JPX-Nikkei Index 400, which was set up earlier in the year, was also up by 0.3 per cent to end the day at 10,342.16.
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.