The Nikkei index opened up around 0.2% to 50,707.54, following positive sentiment on Wall Street after the Fed cut interest rates. Today's gains were led by financial and trading house stocks; Dai-ichi Life Holdings rose around 2.4%, while Sumitomo Corp. gained around 2.5%, reflecting a return to risk appetite in the Japanese stock market.
On the currency side, USD/JPY weakened to 155.62 from 156.73 at the previous close, signaling a strengthening yen following the Fed's decision. Investors are now focusing on the release of domestic economic data and PM Sanae Takaichi's policy statement ahead of next week's Bank of Japan meeting, which could potentially alter market expectations regarding the direction of interest rates and yen volatility going forward.
Source: Newsmaker.id
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