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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Dollar steady, climbing Asia stocks after fed

Hong Kong - Japanese shares gained 2 percent on Thursday after the Federal Republic of Reserve?s new bond purchase was close enough, expectations investors sell to keep yen and the search for higher yielding values. After fall overnight $ stabilized, with dealers hesitant to add significant bets against the currency to the euro is a 10-month high, touched but dealer hinaufgeschiebt copper and oil prices anyway. Asian stocks edge up to a two-year high in the wake of fed decision mainly due to the purchase in 'resources the section, although overall response was dampened. Also there was a variety of events, links of this week, the volatility of the capital markets, including policy meeting of the Bank of England, Bank of Japan and the European Central Bank and the October U.S. wage and could inject payrolls report. For Asia, after the Fed pledged, usually mid-maturity Government bonds raised to buy $ 600 billion be capital flows in the region a strengthening of economic activity likely to speed up but also increase the risk of more stringent capital controls. "Companies more Treasury bond purchases, the hope is the risk appetite to spend the catalyst for the people, will offer companies in particular," Sean Darby, Asia strategist with Nomura in Hong Kong, said in a statement. "We expect that Asian shares well stay offer, but the additional QE raises the spectre of capital controls in ASEAN and parts of Northern Asia." ·         Japan's Nikkei stock average was 1.9 percent, with shares of large exporters, the largest ski lifts to the index after the yen night sold. ·         The MSCI index of Asia Pacific stocks outside Japan edges by 0.4 per cent to the highest since June 2008. Commodity stocks were early winners in Asia after the Fed decision. ·         The euro was basically flat on the day after hitting $1.4175 Wednesday at $1.4110. ·         The dollar was 81.14 yen on pace for a fourth day of profits up slightly compared to the yen. ·         Traders were quick to other topics for trade find fed. The dollar was up 0.4 percent against the Canadian dollar at C$ 1.0092, after the Canadian government markets with a decision to block BHP Billiton's 39 billion dollar bid for Potash Corp. · U.S. Treasury of futures surprised 10 year one-month high increased to 0.5 percent a while slipped 3 basis points to 1.08 percent in the spot market, 5-year Treasury bond yields, with 43 per cent of the Fed new plans for bond purchase fall terms between 4 and 7 years. * Three month copper on the London Metal Exchange traded one reached by 1 per cent to $8,399.75 per tonne, creeping back towards the two-year high last week Tuesday.

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