Nikkei 225 Rises Above 68,800 After Softer U.S. Inflation Data

The post Nikkei 225 Rises Above 68,800 After Softer U.S. Inflation Data appeared first on Coinpedia Fintech News

Japan’s Nikkei 225 climbed 0.92% to 68,830, supported by softer-than-expected U.S. inflation data that reduced expectations for further Federal Reserve rate hikes. Lower U.S. rate expectations improved sentiment toward equities, particularly Japanese exporters. The index is approaching the 69,000 level, a key area traders are watching for signs of either continued gains or renewed resistance. …