Friday, April 22, 2011

Nikkei edges lower, stronger yen pressures exporters

TOKYO: Japan's Nikkei share average edged lower on Friday as exporters came under pressure from a stronger yen, triggering profit-taking after sharp rises over the past two days.

The dollar tumbled for a third straight day on Thursday as record low interest rates and the crushing weight of the U.S. budget deficit pushed it closer to an all-time trough against major currencies.

The benchmark Nikkei average dropped 0.7 percent to 9,620.53 while the broader Topix shed 0.6 percent to 837.12. ' Reuters

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