The U.S. dollar was firmer against the yen but remained top-heavy in the upper 156 yen range on April 30 in Tokyo, as fears of intervention strengthened a day after Japanese authorities are suspected to have stepped in to stem the yen's slide.
Japan's benchmark Nikkei index closes at its highest level in around 34 years, as investors bought up technology stocks tracking gains among their U.S. counterparts.
Tokyo stocks were mixed, the first trading day of 2024, as exporters received a boost from the yen's weakness following a major earthquake in central Japan while technology shares were sold, tracking their U.S. counterparts.
Tokyo stocks are expected to test an all-time high in 2024 on hopes of robust corporate results and real wage growth, overcoming a stronger yen that will pressure exporters amid prospects of policy changes by the Japanese and U.S. central banks.