Nikkei strengthens as Yen rally halts

Japan’s Nikkei index advanced moderately in early trading as the overnight rally in the Yen came to a halt in Asia.

At the time of writing, Nikkei was trading 0.47% or 71 points higher at 15,348 levels. Car makers and exporter issues like Honda Motor, Suzuki Motor Corp, Mazda Motor Corp, and Toyota Motor Corp strengthened.

Meanwhile, shares in Asahi Glass tumbled 4%. Furukawa Electric weakened 1.6% as well.

Data released today showed Japan’s current account surplus narrowed in May, but failed to have any impact on the stock prices. Meanwhile, USD/JPY pair found support around 100.70 levels, although gains are hard to come ahead of the US non-farm payrolls data release.