$NIKKEI -1.9% today — what's driving it?

Looks like some profit taking after the recent run. Not surprised to see a pullback here given the overbought conditions.

This drop is pretty significant. Is there any particular news out of Japan driving this, or is it more of a global sentiment shift affecting Asian markets?

It's premature to call this a hard move. The Nikkei has been volatile; a 1.9% drop could easily be retraced tomorrow. Need to see if it holds below 67k by close.

This move seems to be a continuation of the broader regional weakness we've seen since last week. I'm not positioned directly in NIKKEI futures, but I'm watching how this might impact related currency pairs.