Snapshot: The Nikkei 225 surged past 65,000, driven by optimism surrounding potential US-Iran talks and a subsequent decline in oil prices. The surge reflects a positive shift in risk sentiment, with tech stocks leading the charge.
- Breaching 65,000 signals strong upward momentum, potentially targeting the 65,500 level.
- A sharp reversal in oil prices remains a key risk, particularly if Hormuz reopening hopes fade.
Bias into NY: Expect continued upside for the Nikkei 225 as long as oil prices remain contained and the US-Iran dialogue progresses; a break above 65,200 would confirm the bullish trend.