Snapshot: The Nikkei 225 is trading up a staggering 4.61% at 72,366, driven by a potent cocktail of AI optimism and a constructive outlook from Micron. Today’s Tokyo Core CPI print at 08:30 JST is the immediate domestic focus, with expectations for a tick higher to 1.6%.
- Nikkei 225 level: 72,366
- Today’s domestic catalyst: Tokyo Core CPI y/y (08:30 JST)
Bias into NY: The momentum is undeniably bullish, with the Nikkei leading Asian equity gains. While US yields are stable, any upside surprise in Tokyo CPI could fuel further upside, though a significant miss would present an immediate risk to this rally.