Tokyo stocks open 0.93% higher

Tokyo stocks opened 0.93 percent higher on Tuesday following a positive lead from Wall Street.

Tokyo: Tokyo stocks opened 0.93 percent higher on Tuesday following a positive lead from Wall Street.

The Nikkei 225 index at the Tokyo Stock Exchange gained 179.83 points to 19,425.89 at the start.

US stocks ploughed higher Monday as the dollar retreated and the market looked ahead to a Federal Reserve policy decision in the next two days.

The Dow Jones Industrial Average shot up 1.29 percent while the broad-based S&P 500 jumped 1.35 percent.

The dollar`s recent gains have raised worries about the drag on US multinationals, but the greenback fell Monday after tepid US data left the market cautious ahead of a Federal Reserve monetary policy decision this week.

The Fed`s two-day monetary policy meeting begins Tuesday.

The dollar was at 121.37 yen early Tuesday, compared with 121.35 yen in New York late Monday.

The euro has inched up from its 12-year low of below USD 1.0500, buying USD 1.0576 against USD 1.0565 in US trade.

The currency also fetched 128.35 yen compared with 128.21 yen in New York.

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