Japan's Nikkei books best week since mid-August, but BOJ caps gains

economictimes.indiatimes.com:

Nikkei share average rose on Friday and logged its best week since mid-August, but gains were capped as the yen strengthened after the Bank of Japan set the stage for future interest rate hikes

The tech-heavy Nikkei ended the day up 1.53% at 37,723.91, with chip-sector stocks rallying in line with their U.S. peers. The index advanced 1.57% for the week.

The broader Topix index advanced 0.97%.

The Nikkei rose as much as 2.21% in morning trade, paring gains as the yen strengthened after the BOJ upgraded its assessment of consumption and highlighted the increased sensitivity of inflation to currency fluctuations.

The BOJ held short-term interest rates steady at 0.25%, as was widely expected following hikes in March and July.

• Stock Trading

  Market 101: An Insight into Trendlines and Momentum

  By — Rohit Srivastava, Founder

• Stock Trading

  Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading

  By — Rohit Srivastava, Founder

• Stock Trading

  Market 103: Mastering Trends with RMI and Techno-Funda Insights

  By — Rohit Srivastava, Founder

• Stock Trading

  Market 104: Options Trading: Kickstart Your F&O Adventure

  By — Saketh R, Founder- QuickAlpha, Full Time Options Trader

• Stock Trading

  ROC Made Easy: Master Course for ROC Stock Indicator

  By — Souradeep Dey, Equity and Commodity Trader, Trainer

• Stock Trading

  RSI Made Easy: RSI Trading Course

  By — Souradeep Dey, Equity and Commodity Trader, Trainer

• Stock Trading

  Technical Analysis for Everyone — Technical Analysis Course

  By — Abhijit Paul, Technical Research Head, Fund