Nikkei Faces Profit-Taking After Record Highs – Tuesday, 26 May

Snapshot: The Nikkei 225 is currently at 64996, down 313 points or -0.48% after easing from record highs. Profit-taking is weighing on the index, amplified by BOJ Governor Ueda’s speech at 09:00 JST.

  • Watch for support around the day’s low of 64616.
  • Geopolitical tensions in the Middle East could further dampen sentiment if they escalate during the NY session.

Bias into NY: Expect continued selling pressure on the Nikkei as profit-taking persists, potentially testing the 64500 level. A continued bid in US treasuries could amplify the risk-off move.