TOKYO – Tokyo stocks opened 0.21 percent higher on Monday after New York shares ended last week mixed on a slate of US data that failed to give a strong signal on the health of the US economy.
The Nikkei 225 index at the Tokyo Stock Exchange opened up 21.02 points at 10,150.85.
“Since the yen is still weaker, the index is unlikely to face a big price adjustment,” Daiwa Securities senior market analyst Yumi Nishimura told Dow Jones Newswires.
The euro bought $1.3171 and 109.85 yen, hardly changed from New York late Friday. The dollar was also almost unchanged at 83.39 yen.
Lacklustre trading was expected ahead of Tuesday’s public holiday in Japan and apprehension over US housing data later in the week, brokers said.
The Dow Jones Industrial Average closed flat on Friday, inching down 0.03 percent to 13,232.62, with new data failing to provide a clear direction for the economy.