The Nikkei average fell to a four month low
2018-02-13 08:24 am | Resource: NEWS | No Views : 175
The dollar fell 0.4 percent to 108.23 yen, near a five-month low of 108.05 yen. The broader TOPIX index was down 0.9 percent at 1,716.78.
The air transport and land transport sectors as well as the automakers were poorly performing. Shares in Ana Holdings fell 2.0 percent, while East Japan Railway fell 1.7 percent, Toyota Motor dropped 2.5 percent and Honda Motor Co. lost 1.7 percent.
Japan's producer prices rose 0.3 percent year-on-year in January, according to the Bank of Japan on Tuesday, in line with expectations. From an increase of 0.1 percent in December and year-on-year, producer prices rose by 2 percent, 7%, converged with expectations, fell from 3.0% in the previous month to 3.0%.
Export prices fell 0.4 percent year-on-year, up 1.8 percent year-on-year, while import prices fell 0.4 percent year-on-year and rose 4.9 percent year-on-year, the bank said
Time frame Used - four hours The NASDAQ 100 is moving in a sideway direction in the near term The purchasing power managed to control the movement of the NASDAQ 100 index to reach again to the main resistance level around the level of 7470 where it faces resistance and selling pressure around this level to retreat to the level of support 7404 forming a positive candlesticks pattern In view…
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