Nikkei makes solid gain after Wall Street's rally; BOJ awaited

miércoles 18 de noviembre de 2015 22:26 GYT
 

* Nikkei trades 5 pct above 25-day moving average

* Sentiment to stay positive although market overbought - traders

* Pigeon soars after strong 9-month earnings expectations

By Ayai Tomisawa

TOKYO, Nov 19 (Reuters) - Japan's Nikkei share average rose on Thursday morning after Wall Street rallied, touching a fresh three-month high as the stronger dollar continued to support risk appetites and lifted all sectors.

The market awaited the outcome of a Bank of Japan policy meeting on Thursday that's expected to maintain the current pace of monetary easing.

The Nikkei rose 1.6 percent to 19,959.06 in midmorning trade, the highest level since Aug. 20.

Wall Street closed higher after the minutes of the U.S. Federal Reserve's October policy meeting signalled interest rates will rise very slowly after a start in December.

Traders said a positive mood is likely to stay in the Japanese market for the next few weeks, aided by coming events.   Continuación...