TOKYO, Dec 7 Japan's Nikkei share average held steady in early trade on Friday after closing above the key 9,500-mark for the first time in seven months in the previous session and ahead of U.S. jobs data. The Nikkei was flat at 9,546.22 after entering "overbought" territory on Thursday, with its 14-day relative strength index at 70.5. Seventy or above is deemed overbought, which often signals a possible pullback in the near term. The broader Topix was also steady, at 788.90.
Trending On Reuters
The Reserve Bank of India (RBI) kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target for 2017. Full Article