Overview
- Tokyo stocks snapped back on Nov. 6, with the Nikkei briefly up more than ¥1,000 and reclaiming the ¥51,000 level on buybacks after the prior day’s rout.
- Wall Street closed higher on Nov. 5, as stronger U.S. employment readings and an ISM service-sector index above forecasts lifted sentiment, with the Dow up 225.76 points.
- The yen traded around ¥153.9 per dollar in Tokyo late morning after earlier New York levels near ¥154.2, reflecting a wide U.S.–Japan rate gap and cooler expectations for rapid Fed cuts.
- The Nov. 5 sell-off in Tokyo saw the Nikkei’s intraday decline exceed ¥2,400 and briefly slip below ¥50,000, led by heavy losses in AI and semiconductor names.
- Market participants cited sensitivity to official signals after Finance Minister Satsuki Katayama’s earlier comments were read as checking excessive yen weakness and briefly strengthened yen buying.