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Tokyo stocks fall over stronger yen

0 Comment(s)Print E-mail Xinhua, February 7, 2025
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TOKYO, Feb. 7 (Xinhua) -- Tokyo stocks fell on Friday as the stronger yen against the U.S. dollar weighed on export-related stocks.

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 38,787.02, down 279.51 points, or 0.72 percent from the previous day.

In the Tokyo foreign exchange market, the yen rose to the upper 150 range against the dollar, its highest level in two months, putting pressure on exporters like Toyota.

Investors were also cautious ahead of the U.S. jobs report for January and the first summit between Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump.

Market analysts warned that if Trump highlights concerns over a weak yen, further yen appreciation could hurt export-related stocks.

The broader Tokyo Stock Price Index (TOPIX) also declined for the first time in four days, closing down 14.97 points, or 0.54 percent at 2,737.23.

On the Tokyo Stock Exchange Prime Market, declining stocks outnumbered gainers 827 to 751, while 62 stocks remained unchanged. Enditem

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