Nikkei posts fifth day of losses; eyes on yen

TOKYO, July 22 (BestGrowthStock) – Japan’s Nikkei slipped 0.6 percent
to its fifth straight day of losses and a three-week closing low
on Thursday, hurt by a stronger yen after Federal Reserve
Chairman Ben Bernanke expressed concern about the U.S. economy.

Investors awaiting the results of European bank “stress
tests” later this week were closing positions, while the yen’s
rally hit shares of exporters.

The benchmark Nikkei (.N225: ) shed 57.95 points to 9,220.88,
its lowest close since July 2, while the broader Topix (.TOPX: )
lost 0.5 percent to 825.48.

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Nikkei posts fifth day of losses; eyes on yen