The Nikkei reference list recorded a decline of 0.68%, to 37,704.82, and a loss of 259 points, retreating from the highs in 34 years. The reduced prospects of an interest rate cut by the Fed strengthen the dollar against the yen, at a level of 150.70, for the first time since November.

The dollar also strengthens against the euro, at 161.30, and against the pound, at £1.08, at the opening of the market.