Tokyo Stock Exchange: the Nikkei drops 0.35% after the yen hit its lowest in 34 years against the dollar

The main index of the Tokyo stock market, the Nikkei, fell 0.35% this Thursday, chaining its second consecutive session of decline, after the yen hit its lowest level against the dollar in 34 years following the latest data from inflation in the US

The Nikkei, which brings together the 225 most representative titles on the market, It fell 139.18 points, to 39,442.63 integers.

On the other hand, the broader Topix selective, which includes the firms in the main section, those with the largest capitalization, It rose 0.15% or 4.17 points, reaching 2,746.96 units.

The Tokyo stock market opened lower and momentarily fell by up to 1.3% in the first five minutes of trading, after the yen surpassed the barrier of 153 units per dollar after the publication of inflation data in the United States, higher than than expected, triggering expectations that the US Federal Reserve (Fed) will decide to keep rates high for the time being.

Prices rose 3.5% in March in the US, a still strong pace, which is why some analysts believe that the central bank of that country will delay a rate cut.

The recent depreciation of the yen, which had not touched 153 units with respect to the US currency for 34 years, has also been causing increased vigilance in the face of possible intervention by the Government, which insisted today that it does not rule out any option to stop movements. unwanted of your currency.

While the Bank of Japan (BoJ) recently launched its first rate hike in 17 years, the 0.1% benchmark rate is still far behind other major powers and the lender has said it will remain accommodative for the duration. the moment.

The most traded securities of the day closed mixed. The manufacturer of analysis equipment for semiconductors Lasertec, which brought together the largest trading volume, fell 0.61%, while the systems-on-chip firm Socionext, second by transactions, rose 4.13%.

The chip manufacturer Tokyo Electron lost 0.94% and, in contrast, the automotive company Toyota, the value with the largest local capitalization, advanced 1.09%.

In the main section, 697 companies rose compared to 893 that fell, while 62 closed unchanged.

The trading volume amounted to 4.13 trillion yen (about 25.12 billion euros).