As the yen continues to weaken, brokers witnessed Nikkei hit a seven-month high, finishing off at 0.9 per cent higher this morning (December 8th).
According to Reuters, the brand smashed its highest intraday level in over half a year, while the dollar rose against the yen and lifted exporters' shares, in news which may surprise CFD trading brokers.
The news source claims US tax cuts proposed by president Barack Obama boosted the greenback by "triggering Treasury yields".
However, in anticipation of the settlement of futures and options prices on Friday, Nikkei's progress is under restraint, despite traders clamouring for Tokyo equities.
"Unless the Nikkei comfortably stays above 10,250 for a while, the index will probably see resistance around the current (10,200) level," said Yutaka Yoshino, chief technical analyst at Nikko Cordial Securities.
However, traders were seen purchasing futures in the company.
This is a turnaround from Monday, when Reuters reported Nikkei slipped due to the yen's rise.
