Tokyo stocks open flat ahead of US jobs data

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This file photo shows the Tokyo Stock Exchange. (Mainichi)

TOKYO (Kyodo) — Tokyo stocks opened nearly flat Friday as investors looked to U.S. employment data for May due out later in the day for clues about the Federal Reserve’s policy outlook.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 25.16 points, or 0.07 percent, from Thursday to 38,678.35. The broader Topix index was down 1.97 points, or 0.07 percent, at 2,755.26.

On the top-tier Prime Market, decliners were led by securities house and rubber product issues, while marine transportation and nonferrous metal issues led gainers.

At 9 a.m., the U.S. dollar fetched 155.67-69 yen compared with 155.61-71 yen in New York and 156.27-29 yen in Tokyo at 5 p.m. Thursday.

The euro was quoted at $1.0890-0894 and 169.52-61 yen against $1.0885-0895 and 169.43-53 yen in New York and $1.0877-0879 and 169.98-170.02 yen in Tokyo late Thursday afternoon.