Japan Stocks Decline with Rakuten Inc. Seeing Biggest Gain

Summary

Japan’s stock market ended slightly lower on Monday, largely influenced by losses in multiple sectors. Notably, the Rakuten Inc, CyberAgent Inc, and DIC Corp emerged as top performers. On the other hand, Idemitsu Kosan Co Ltd, Pacific Metals Co., Ltd. and Mitsui Engineering & Shipbuilding were among the worst performers. The performance had a broad impact on Nikkei 225 options volatility. Crude oil prices and the USD/JPY currency pair remained almost still.

Stock Market Close in Tokyo

After the market close on Monday, Japan’s stocks saw a downturn. This was primarily attributed to the losses in several sectors which drove stocks downwards. Consequently, the Tokyo Stock Exchange was down by 0.23%

Session Top & Bottom Performers

In this session, the most successful players on the stock market were Rakuten Inc, CyberAgent Inc, and DIC Corp. Conversely, the worst performers on the market were Idemitsu Kosan Co Ltd, Pacific Metals Co., Ltd. and Mitsui Engineering & Shipbuilding.

Market Indicators

Shares on the falling end outnumbered the advancing ones on the Tokyo Stock Exchange, representing the scale of loss. Meanwhile, the volatility of Nikkei 225 options, assessed by a specific measure, observed a rise up to 2.11% reaching 17.46.

Commodities and Forex

In commodities trading, crude oil for February saw a downtrend by 0.61% to $71.33 per barrel, and Brent oil for delivery in March witnessed a modest fall of 0.10% to touch $77.07 a barrel. For the forex trade, USD/JPY and EUR/JPY remained in the same trading range at 141.04 and 155.75, respectively. Likewise, the US Dollar Index Futures marked a slight increase by 0.15% to stand at 101.06.

The observed trend in Japan’s stock market and the performance of leading shares could potentially impact forex trading, specifically the USD/JPY currency pair. Investors may want to closely monitor these indicators as potential triggers for future trading decisions.

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