# Japan's Nikkei hits highest since July 1990 on weak yen, US optimism | Reuters

> Japan's Nikkei share average rose to its highest since July 1990, helped by exporter stocks as the yen approached 141 per dollar. The weaker yen boosts overseas revenue for exporters.

- Date: 2023-05-29 · published 2023-05-29T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/36172-japan-s-nikkei-hits-highest-since-july-1990-on-weak-yen-us-optimism-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Equity moves in Japan reflect currency effects but do not directly move feed commodity supply or demand, so the impact on feed prices is minimal.

## Sources

- reuters.com: https://www.reuters.com/markets/asia/japans-nikkei-hits-highest-since-july-1990-weak-yen-us-optimism-2023-05-29/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.