Japanese stocks are expected to move higher on Friday, following Wall Street's record-breaking rally, fueled by OpenAI's latest funding and eye-catching valuations. Nikkei futures on SGX rose 35 points to 45,050, signaling a positive opening.
In the currency market, USD/JPY was at 147.14 (vs. 147.26 late Thursday in New York), indicating a relatively stable yen. The stable exchange rate is boosting sentiment in export-oriented stocks. Investors will also be keeping an eye on Saturday's Liberal Democratic Party (LDP) leadership election, which could potentially influence domestic policy.
For context, the Nikkei Stock Average rose 0.9% to 44,936.73 on Thursday. With external support from Wall Street and a focus on domestic politics, the Japanese market continued its rally early in the session. (azf)
Source: Bloomberg
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