Tokyo stocks closed higher Friday as a cheaper yen gave a boost to exporters but traders said they would be keeping a close eye on geopolitics in the coming days. The dollar rose to 110.86 yen from 110.76 yen in New York Thursday afternoon and 110.28 yen in Tokyo earlier. A lower yen is positive for Japanese exporters as it inflates their earnings when repatriated. Many big exporters gained ground on the back of the weaker yen, with Nissan up 0.79 percent at 1,146 yen and Toyota 0.21 percent higher at 7,571 yen. Sony rose 0.48 percent to 5,416 yen but Nintendo dropped 1.88 percent to 45,700 yen.

Source: The Guardian May 18, 2018 06:56 UTC