Tokyo stocks rise on weaker yen, U.S. rally

Tokyo, 19 november (DPA) Japanese shares rose in the Friday morning trading after an overnight rally on Wall Street and if exporters were supported by a weaker yen.

The benchmark Nikkei 225 stock average gained 60.92 points, or 0.61 percent, to trading on 10,074.55. the broader Topix index increased by 3.56 points, or 0.41%, 872 37.
U.s. stocks rose overnight, as General Motors Co a comeback with the IPO made and Ireland was the possibility of a European Union-led forces bail-out deliberated.
The yen is floating around the mid-range 83-yen to the dollar. the recent retreat of the Japanese currency against the dollar continue to stimulate investor sentiment.
In the foreign exchange markets at 9 am (0000 GMT), the dollar traded at 83.54-55 yen, up from Thursday 5 pm quote from 83.25-26 yen.
The euro traded at 1.4119-3662 dollars, up from 1.3764-3587 dollar Thursday, and 114.09-10 yen, up from 113.11-15 yen.
A weaker yen Japanese goods abroad more competitive and improves the overseas profits when the revenues are repatriated.

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