Japan shares scale record high, yen rebounds as Fed out-doves BOJ

TOKYO – Japan's Nikkei share average hit a record high on Thursday and the yen rebounded from a four-month low, after the US Federal Reserve stuck to its easing path despite recent heated inflation readings.

The Nikkei marked a record closing high of 40,815.66, up more than 2% on the day, after also setting a fresh all-time intraday peak of 40,823.32. For the year, it is up 22%, far outpacing an 8% advance for the MSCI world index. The BOJ sees room for another hike this year, with market players viewing July or October as potential dates, the Nikkei newspaper reported.

However, demand for carry in the currency pair is likely to spur dip buying, which could see a rise to 152, which is the level when traders may become wary of intervention, he said.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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