Japan's Nikkei rises as yen weakens, chip-related shares advance

The Nikkei rose 0.85% to close at 53,333.54, while the broader Topix ended 0.31% higher at 3,563.59.The market was cautious ‌earlier in the ‌session with all eyes on the yen that had spiked against the U.S. dollar on ‌Friday and climbed to a more than two-month high overnight.Speculation grew over coordinated currency intervention by U.S. authorities following remarks from Japan's prime minister and a leading currency diplomat. "The yen weakened toward the end of the session ​and that supported the market, ...