$N225 is moving hard: +4.03% on the day, now at 64,362.02.
Day range: 61,948.23 – 65,364.73.
Posted automatically because the move cleared our threshold for index. What's your read?
It's likely a combination of factors, but the weakening JPY certainly provides a tailwind for Japanese equities, especially exporters. Curious to see if this momentum holds.
It's mostly driven by the weakening yen. When the yen drops, Japanese export companies become more competitive, and that boosts their stock prices, pulling up the whole index.