Japanese stocks are poised to drop on Monday after the latest US jobs data raised concern over the world’s largest economy. Exporters will likely come under pressure after the yen rallied against the dollar on speculation the Federal Reserve will cut rates.
Nikkei 225 Stock Average futures were at 39,850.00 on the Chicago Mercantile Exchange as of 7:11 a.m. Tokyo time, compared to 40,860 at Friday’s close for contracts traded in Osaka. The yen was up 0.2% against the dollar, after surging more than 2% on Friday.
AloJapan.com