Updated Dec. 1, 2023 1:17 am ET
0614 GMT — Nikkei Stock Average edged 0.2% lower to close at 33431.51 in possible position adjustment ahead of Fed Chair Powell’s speech later today. Fed officials’ comments overnight seem to be balanced and market reactions to softer U.S. PCE data have been muted, Saxo Markets’ APAC Strategy Team says in a commentary, adding investors await Powell’s speech. The worst performers on the Japanese benchmark index included Rakuten Group, which dropped 4.4%, M3 Inc., which lost 3.6%, and Rohm, which was down 2.9%. USD/JPY was at 148.04, up from 147.03 as of Thursday’s Tokyo stock-market close. The 10-year JGB yield was up 3.5 bps at 0.705%. ([email protected])
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