Nikkei index rises supported by the decline in US bond yields and the weakness of the yen.

The Nikkei index recorded an increase during the session on Friday, May 23, supported by the decline in US Treasury bond yields and the weakening of the yen. However, the index is heading towards ending four consecutive weeks of gains with a weekly loss.

The index reached 37,280.84 points at mid-session break, marking an increase of 0.8%, but it continued to suffer from accumulated weekly losses of 1.25%.

The broader Topix index also rose to 2,739.13 points, achieving gains of 0.81%, despite also heading towards a weekly decline of about 0.85%.

The decline in US Treasury bond yields supported Japanese stocks, after previous selling operations attracted investors to more attractive levels.

Earlier, the 30-year bond yields had reached their highest levels in 19 months.

In the currency market, the Japanese yen fell against the dollar by 0.27%, reaching 143.575 yen per dollar, which boosted the performance of local stocks.

Japanese markets continue to be influenced by external factors, especially global yield movements and exchange rates.