Tokyo stocks rose Tuesday morning as investors took heart from advances on Wall Street overnight, but gains were limited ahead of the release of earnings in the United States and Japan.
The 225-issue Nikkei Stock Average climbed 99.45 points, or 0.27 percent, from Monday to 37,538.06. The broader Topix index was up 3.96 points, or 0.15 percent, at 2,666.42.
The U.S. dollar stayed in the upper 154 yen range after briefly hitting a new 34-year high of 154.85 yen in New York overnight, with further rises capped amid wariness over a possible yen-buying intervention by Japanese monetary authorities, dealers said.
At noon, the dollar fetched 154.75-78 yen compared with 154.80-90 yen in New York and 154.65-67 yen in Tokyo at 5 p.m. Monday.
The euro was quoted at $1.0657-0661 and 164.92-165.01 yen against $1.0648-0658 and 164.91-165.01 yen in New York and $1.0658-0659 and 164.83-87 yen in Tokyo late Monday afternoon.
Stocks rose, led by buying of technology shares after the U.S. Nasdaq index snapped a six-day losing streak, while fears eased over escalating conflict in the Middle East, analysts said.
But investors largely adopted a wait-and-see stance before major U.S. corporations, including Tesla Inc. and Meta Platforms Inc., as well as Japanese companies release their earnings results, analysts said.
"Buying lacked momentum with earnings reports coming so soon, as their outcomes may influence the future direction of the market," said Masahiro Yamaguchi, head of investment research at SMBC Trust Bank.
