Snapshot: The Nikkei 225 is trading at 59716, up 0.52%, driven by a surge in tech stocks and a weaker dollar. The DXY is currently at 98.36, down 0.31%, providing a tailwind for Japanese equities. No major US data releases are scheduled before the NY session open.
- Watch for resistance at the intraday high of 59764.
- Geopolitical tensions in the Middle East and their impact on energy prices remain a key risk.
Bias into NY: We favour further upside in the Nikkei, targeting 60,000, contingent on continued dollar weakness and positive sentiment in US tech futures. The Nasdaq futures are up 1.64% pre-market.