Tuesday, February 18, 2020

USD/JPY 2/18

Japanese stocks are up, led by gains in electronics and pharmaceutical stocks, as the safe-haven yen weakens slightly. Semiconductor-testing-equipment maker Advantest is up 2.8% and drug maker Daiichi Sankyo is up 2.4%. USD/JPY is at 109.92, compared with 109.75 as of Tuesday's Tokyo stock market close. Meanwhile, cybersecurity company Trend Micro is down 2.9% after its fourth-quarter net profit dropped 23% from a year earlier. Coronavirus-related developments are closely watched, now that the earnings season is over. The Nikkei Stock Average is up 0.5% at 23313.80

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