The Nikkei recovered the ¥70,000 range and rebounded sharply in the afternoon session. Dollar-yen remained firm and euro-dollar continued to trend lower as movements in US long-term yields and crude oil inventories influenced the market. Advantest and Tokyo Electron were the top contributors to the rise.
The Nikkei rebounded sharply in the afternoon session on the 5th, recovering the ¥70,000 range. Risk appetite strengthened against the backdrop of US market trends, and the index extended its gains from the morning session while remaining near the highs toward the close. US employment data and the G7 decision to release emergency reserves were cited as factors supporting the recovery of the ¥70,000 threshold, while long-term yield movements at times weighed on the market.
Dollar-yen remained firm, rising from the upper ¥157 range into the ¥158 range. Euro-dollar fell to around $1.1160, reflecting the spread of a risk-averse mood. US market trends also affected afternoon trading.
Advantest and Tokyo Electron were cited as stocks to watch in the afternoon because of their large contributions, and they became the main drivers of the Nikkei's rise. SoftBank Group and Fast Retailing also moved among other stocks, and individual stock trends were expected to influence the broader market.
Announcements related to the Bank of Japan were scheduled as key official remarks and economic indicators, with market participants expected to continue assessing domestic and overseas developments. Remarks related to AI were also cited as a factor attracting market attention, along with the release of indicators on the output gap and potential growth rate.