TOKYO: Tokyo stocks opened 0.75 percent lower on Tuesday as a slight rebound in the yen against the dollar created early selling pressure.
The benchmark Nikkei 225 index was down 117.18 points to 15,501.95 at the start.
The dollar was changing hands at 101.40 yen early Tuesday compared with 101.51 yen in New York Monday afternoon.
"A break in the dollar's rise is likely to halt major advances in Japan stocks for today," SMBC Nikko Securities general manager of equities Hiroichi Nishi told Dow Jones Newswires.
A strong yen is bad for Japanese exporters as it makes them less competitive abroad and decreases their repatriated income.
On Monday, the Dow Jones Industrial Average rose a scant 7.77 points, or 0.05 percent, to 16,072.54, a record high, while the broad-based S&P 500 slipped 2.28, or 0.13 percent, to 1,802.49.
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