Japan's Nikkei 225 rose 0.92% to 68,830 after softer-than-expected U.S. inflation data cooled bets on further Federal Reserve rate hikes. The gain lifted Japanese exporters and pushed the index toward the closely watched 69,000 level.
Japan's Nikkei 225 climbed 0.92% to 68,830 after U.S. inflation came in softer than expected, trimming expectations for further Federal Reserve rate hikes. Lower rate expectations abroad improved sentiment toward equities, and Japanese exporters drew particular support.
The advance carried the index toward the 69,000 level, a threshold traders are watching for signs of either continued gains or renewed resistance.
Source: Coinpedia (snippet-based)
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