Nikkei Retreats on Pause in Weak Yen Trend

Markets Reuters

A picture illustration shows U.S. 100 dollar bank notes and Japanese 10,000 yen notes (Reuters)

Japanese stocks retreated on Thursday as a pause in the weakening of the yen gave investors an excuse to book profits, though financials extended their outperformance on rising U.S. yields.

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The Nikkei share average fell 0.5 percent to 19,347.53 after scaling near six-week highs earlier this week.

The broader Topix dropped 0.2 percent to 1,551.07 and the JPX-Nikkei Index 400 shed 0.2 percent to 13,917.90.

(Reporting by Ayai Tomisawa; Editing by Shri Navaratnam)