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Japan stocks fluctuate amid FX intervention
The Japanese stocks closed with mixed performances among their main indexes, as investors monitored quarterly earnings results and the coordinated government intervention with Washington to support the local currency. The yields on the 10-year Japanese government bonds rose to 2.849%, and the dollar gained 0.35% against the yen, reaching 157.73 yen. The technology sector also showed mixed results, with Tokyo Electron's share rising by 3.1%, while Advantest and SoftBank declined by 1.35% and 3.05%, respectively. Despite Toyota raising its earnings forecasts by 13% and announcing a share buyback plan worth one trillion yen, the Nikkei 225 index closed up by 0.30% at 63,957 points, while the Topix index saw slight gains.
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