Japanese stocks resume extensive losses due to the local currency stronger yen

Japanese shares ended the trading on Monday in the first week's sessions low, continuing the vast losses that stopped during Friday's session within the breathtaking operations, and shares of the affected export companies of Yen strength  led the declines.

The Nikkei average closed lower at about 62.20 points or 0.37 percent to 16,580.03 points, and the wider Topix index fell 4.80 points or 0.36 percent to 1,332.43 points, the index lost 0.9 percent over the past week's sessions in the first weekly loss in a month.

The yen rose 2.2 percent on Friday against the US dollar, in the fourth one-day gain in a row, and the biggest one-day gain since April last 288, and recorded the highest level in five weeks, 106.35 yen per dollar in early trading this week.

And export companies were the biggest loser on the Japanese market indices, with low Mazda Motor shares down 1.3 percent, and Honda's shares decline 1.9 percent and Honda gets 56 percent of its revenue from sales in the North American operations.

And stocks pared its losses in the afternoon trading with the yen decline 0.4 percent against the US dollar to 106.99 yen per dollar one.

The yen rose widely on Friday after US jobs disappointing data reduced bets of the onset of the Fed do to increase interest rates, jobs recorded 38 thousand in May, the lowest pace since May 2011, less than expectations of experts adding 159 thousand jobs.

Futures for the S & P 500 settled within a limited range of transactions without any significant change, after the index ended trading on Friday on Wall Streetdown by 0.3 percent.

And the financial markets later in the day waiting for an important interview with Janet Yellen, head of the US central bank in search of new evidence concerning the future of raising US interest rates during the current year.