Snapshot: The Nikkei 225 is trading at 59513 (+0.23%) this morning, underpinned by strength in domestic tech. However, a rallying yen, potentially driven by official intervention, is weighing on sentiment. Japanese markets were closed until today for public holidays.
- Watch the 59707 intraday high as resistance; a break above could signal further upside.
- Risk lies in further yen strength, which would pressure export-oriented sectors.
Bias into NY: Cautious bullish. Despite the morning gains, the stronger yen poses a headwind, and US yields remain elevated. A break above 59707 is needed to sustain the rally; otherwise, expect range-bound trading.