Low stocks in Japan amid rising yen the impact of the US jobs report

Japanese stocks fell during Mondaytrades as the yen continued to maintain most of its gains recorded over the past week, which witnessed the best performance since 2009, as investors continue to measure US jobs report and its impact on the market.

Unemployment rates in the United States fell during the month of January and helped to return confidence to the markets significantly in spite of the decline in the number of new jobs in the United States over the past month.

Expectations back in the market points that the labor market data in the United States that would help the Fed to continue its policy of raising interest rates during the current year gradually.

Japanese yen is trading near its highest level in two weeks against the US dollar, which contributed decline in Japanese stocks today, led by shares of export companies that negatively affected by high levels of the Japanese yen, which reduces the competitive advantage for its exports.

This and most financial markets in the Asian zone were closed today because of the holidays, for the start of the lunar new year.

Japanese stocks during the today's trade lower, the broader Topix index in Japan fell by 0.49% to witness the 5.18-point discount to the level of 1060.60, while for the Nikkei main 225 Japanese shares fell 0.37% to lose 61.61 points, to reach the level 16757.98.

On the other hand S & P / ASX 200 of Australia shares fell 0.09%, losing 4.37 points, to reach to 4971.80 level.