Overview
- The dollar rose to about ¥154 in New York on expectations of slower U.S. rate cuts and higher long-term Treasury yields.
- In Tokyo trading the yen strengthened to around ¥153.58–¥153.60 after Katayama’s post-cabinet comments were interpreted as curbing excessive depreciation.
- The Nikkei 225 briefly set an intraday high on strong corporate results, with Tokyo Electron advancing on favorable earnings and AI-related demand hopes.
- Japanese stocks later reversed as profit-taking accelerated, with the Nikkei closing at 51,497.20, down 914.14 points from the prior close.
- U.S. equities fell further, with the Dow Jones Industrial Average closing at 47,085.24, down 251.44 points, reinforcing risk-off flows that supported the yen.