Nikkei rebounds as strong yen trend pauses; Brexit worries loom

jueves 16 de junio de 2016 22:40 GYT

* Nikkei poised to post biggest weekly drop in more than 4 months

* Kuroda's comments soothe sentiment - traders

* Nishimatsuya surges after raising profit outlook

By Ayai Tomisawa

TOKYO, June 17 (Reuters) - Japan's Nikkei share average rebounded on Friday morning and recovered from four-month lows after the yen took a breather from its recent strong gains, lifting all sectors into positive territory.

The Nikkei soared 1.6 percent to 15,677.78 in mid-morning trade after tumbling 3.1 percent on Thursday after the Bank Of Japan refrained from introducing more stimulus, which triggered a sharp sell-off by short-term investors even though the outcome was widely expected.

For the week, the Nikkei has dropped 5.6 percent and is poised to post the biggest weekly drop in more than four months.

"At first, investors sold stocks after they reacted to the rising yen. But BOJ Governor Haruhiko Kuroda's comments at his post-meeting news conference somewhat soothed investor sentiment," said Hikaru Sato, a senior technical analyst at Daiwa Securities.

Kuroda said that yen rises and heightening volatility that do not reflect economic fundamentals are undesirable, and the central bank will closely watch markets including exchange-rate moves.   Continuación...