Tokyo stocks 0.45pc higher in early trade, Nikkei 225 jumps 89.16pts

TOKYO: Tokyo stocks have opened 0.45 per cent higher after the US dollar strengthened against the yen, lifting investor sentiment towards Japanese exporters.

The Nikkei 225 index at the Tokyo STOCK EXCHANGE rose 89.16 points to 19,729.70 at the start on Wednesday.

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The US dollar rose against the euro and the yen on Tuesday, gaining back more ground from losses after last week’s poor US jobs report.

The US dollar bought ¥120.24 early on Wednesday, slightly down from ¥120.32 in New York late on Tuesday but well above the mid-¥119 range in Tokyo earlier on Tuesday.

The euro inched up to $US1.0829 and ¥130.23 from $US1.0813 and ¥130.11 in US trade.

US stocks finished modestly lower on Tuesday as cautious sentiment about earnings season offset major acquisition deals involving FedEx and Informatica.

The Dow Jones Industrial Average dipped 0.03 per cent while the broad-based S&P 500 dropped 0.21 per cent.