Japan stocks soar as yen hits 1-year low
© Reuters. A passerby is reflected on an electric monitor displaying the graph of recent moments of the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023. REUTERS/Issei Kato/File photoshare average buoyed by the yen's slide to its lowest point in a nearly a year and after the U.S. avoided a government shutdown.
The Nikkei jumped to be 1.6% higher as of 0100 GMT, rebounding from its lowest close in more than a month at the end of last week. "A sense of reduced uncertainty is likely to drive a small relief in markets," but"market volatility is likely to remain elevated as investors wait for the next catalyst, which is likely to be top-tier data."
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