Tokyo: Nikkei falls as stronger yen dents post-Fed risk appetite

[TOKYO] Japanese stocks fell in a volatile trading on Thursday as the stronger yen dented investors' risk appetite and more than offset a rally after the US Federal Reserve signalled fewer interest rate hikes this year.

The Nikkei share average ended 0.2 per cent lower at 16,936.38. The index had earlier risen as much as 1.6 per cent to hit an intraday high of 17,253.03.

The broader Topix dropped 0.1 per cent to 1,358.97. The JPX-Nikkei Index 400 declined 0.1 per cent to 12,279.75.

REUTERS