Japanese stocks extended their decline on the 9th. The Nikkei Average briefly rebounded by more than 500 points before selling resumed and the index turned lower. The yen was also seen rising to the ¥152 range against the dollar.
In Japan's market on the 9th, the Nikkei Average extended its decline. Although it briefly rebounded by more than 500 points, it subsequently lost steam and turned lower, with selling reportedly prevailing across the market.
The yen was also seen rising to the ¥152 range against the dollar, with yen buying reportedly dominant.
The article cites Bloomberg reporting that US Treasury Secretary Bessent made threatening remarks toward investors taking a short-yen position, affecting movements in the yen exchange rate.