Stable yen leads Nikkei higher ahead of US data test

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Stable yen leads Nikkei higher ahead of US data test
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Japanese shares returned from a holiday with a bang on Tuesday, erasing all of last week's losses as a stable yen provided relief to wary investors, with a...

A man looks at an electronic board displaying Topix and Japan's Nikkei share averages outside a brokerage in TokyoJapanese shares returned from a holiday with a bang on Tuesday, erasing all of last week's losses as a stable yen provided relief to wary investors, with a slew of U.S. data this week set to sharpen market views on the Fed's next move.

That has left traders hesitant in placing major bets before the data, although Japan's Nikkei grabbed the spotlight in an otherwise lacklustre Asian session as a stable yen calmed investor nerves after last week's sharp swings. Much of the yen's moves in the past few trading days have been muted, allowing some semblance of calmness to return to the market and leaving investors wondering whether the unwinding of carry trade has concluded for now.

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