The Nikkei Average extended its gains to close the morning session up ¥45. The key points from the morning session included movements in groups of stocks, as well as developments in the yen exchange rate and bond yields.
During the morning session, notable price movements were seen in Toyota, Honda, Nissan Motor, Nitori Holdings, Kobe Bussan, PAL GROUP Holdings, J.Front Retailing, Takashimaya, Seiko Group, Citizen, Casio, ENEOS Holdings, Idemitsu Kosan, Oncolys BioPharma and other stocks.
The yen's appreciation accelerated, briefly moving into the ¥152 range, while the 10-year government bond yield fell. The Nikkei Average held in positive territory throughout the morning session.
SoftBank Group, Advantest, Kioxia, Fujikura, Fast Retailing, Nitori Holdings and other stocks were cited as factors pushing the Nikkei Average higher.
Speculators' yen-denominated positions have accumulated on the short side, and it was reported that caution is warranted over large price swings during an unwinding phase.
The outlook for the afternoon session was presented based on the morning's movements, with a flash report on the afternoon opening and an explanation of the key points ahead scheduled.