In Tokyo trading after the market holiday, the Nikkei Average is targeting the ¥67,000 milestone, while profit-taking and yen depreciation are converging. Developments in the US market and next month's US CPI release are the key market focuses.
In Tokyo trading after the market holiday, the Nikkei Average rose sharply from the previous session, reaching a point where ¥66,970.22 brought the ¥67,000 level within reach. At the close, it was less than ¥30 away from that level.
The Dow, Nasdaq and S&P all declined in the US market, while rising oil prices and heightened geopolitical risks weighed on the market as a whole. Position adjustments have spread ahead of the US CPI release.
In foreign exchange markets, dollar-yen moved toward around ¥159, with yen depreciation supporting expectations for improved earnings at export-related stocks. There have been periods when a stronger dollar and weaker yen have provided support for Japanese equities.