Nikkei rises to 7.5-month high

<p>Japan’s Nikkei rose on high dollar.</p>

Tokyo shares ended high today (September 9th) as buying was boosted by the yen’s decline to the weakest level in nearly six years against the dollar.

The US currency topped ¥106 (£0.6) as reports emerged that an early interest rate hike by the US Federal Reserve was likely.

"Investor expectations for a better business performance of export-related companies in accordance with the dollar's rise provided support for the market," Ayako Terada at Nomura Securities Co.'s investment research department told theKyodo news.

However, a lack of other market-moving incentives and profit-taking limited further gains.

The 225-issue Nikkei Stock Average rose 0.28 per cent to 15,749.15, its best close since January 22nd. The broader Topixfinished 0.08 per cent higher at 1,299.62.

Learn about the Asian markets and CFD trading at City Index.

Join our live webinars for the latest analysis and trading ideas. Register now

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.

For further details see our full non-independent research disclaimer and quarterly summary.