Japanese shares edge up as U.S. jobs data eases Fed taper concerns
Reuters
1 hr ago
TOKYO, June 7 (Reuters) - Japanese shares closed higher on Monday after U.S. jobs data eased concerns over an early tapering from the Federal Reserve, but heavy profit-taking capped gains amid caution before U.S. inflation readings due later this week.
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The broader Topix reversed course to tick up 0.08% to 1,960.85.
The U.S. economy added 559,000 nonfarm payrolls in May, data showed on Friday, below economists' forecast of 650,000, reducing expectations of an early tapering in the Fed's asset purchase.
However, investors remain cautious as they look for more clues on possible tapering from the U.S. consumer price index (CPI) report this week, said Takatoshi Itoshima, strategist at Pictet Asset Management.