Snapshot: The Nikkei 225 pushed to historic highs, closing up 0.13% at 69,404 after briefly crossing the 70,000 milestone, digesting a landmark 25 basis point rate hike to 1.00% by the Bank of Japan. The policy move met internal board dissent over output risks, yet aggressive tech-led buying and a stabilizing yen insulated the benchmark. This domestic hawkish pivot is supported by easing geopolitical friction ahead of Friday’s expected US-Iran peace talks, keeping the global equity bid intact.
- The structural defense of the 69,000 handle post-hike signals robust domestic demand, especially across the semiconductor supply chain where Fujikura led with an 8.5% gain.
- US 08:30 NY macro data remains the key immediate risk to the global correlation play, with any sharp move in the US 10-year yield—currently at 4.48%—testing overnight index momentum.
Bias into NY: Bias is tactically bullish, targeting 70,200 while the 69,000 level holds; the BOJ’s policy normalization acts as a structural green light for international capital to keep chasing Japanese corporate value.