Japan Nikkei dips 1.13% on yen appreciation

The Japan share market declined for second straight session on Thursday, 25 January 2018, as the U.S. dollar hovered in the lower 109 yen zone, rebounding from a four-and-a-half month low overnight on the U.S. Treasury Secretary's remark welcoming a weaker dollar. Selling pressure increased today as investors are getting concerned about the impact of the strong yen on corporate earnings. The benchmark Nikkei 225 index lost 1.13% or 271.29 points to close at 23,669.49, while the broader Topix index was down 0.88% or 16.67 points at 1,884.56. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2291 to 1096 and 190 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 1.05% to 16.33.

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