Nikkei slips in line with global peers, subdued ahead of Fed, BOJ

jueves 9 de junio de 2016 22:26 GYT
 

* Nikkei loses 0.5 pct, on track for 0.3 pct weekly loss

* Sentiment subdued ahead of next week's Fed and BOJ meetings

* Yen weakens slightly vs dollar, gives some exporters a breather

By Shinichi Saoshiro

TOKYO, June 10 (Reuters) - Japan's Nikkei share average fell on Friday, dragged down by overnight losses in U.S. and euro zone stocks, with sentiment subdued ahead of key events next week such as the Federal Reserve policy meeting.

The Nikkei lost 0.5 percent in mid-morning trade. The index, buffeted through much of the week by a stronger yen, was on track for a 0.3 percent weekly loss.

"European and U.S. stocks slipped, bond yields fell and crude oil dropped overnight. They were not substantial developments but have contributed to the 'risk off' mood for the time being," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management in Tokyo.

The Fed holds a policy meeting through June 14-15, while the Bank of Japan concludes its two-day policy meeting on June 16.

"The market has mostly priced in the possibility of the Fed not hiking interest rates next week and focus is now on Fed Chair (Janet) Yellen's policy views," Ichikawa said.   Continuación...