Japan Market Daily | Kabutaro & Friends

On June 2, 2026, the Nikkei 225 snapped its winning streak and fell for the first time in three days, closing down 200.09 yen at 66,734.24 yen. Amid ongoing geopolitical uncertainties, the Tokyo market faced modest profit-taking from recent record highs. While the benchmark index briefly plummeted by over 1,300 yen during the session to touch the 65,500 range, a subsequent rally in Kioxia Holdings helped alleviate excessive pessimism and supported the downside. In the FX market, the yen weakened slightly, trading at 159.68-69 yen per dollar. Meanwhile, crude oil markets experienced volatility as reports of Iran suspending talks with the U.S. briefly pushed WTI futures into the 94-dollar range per barrel, before easing back to the low 91-dollar range following a social media post by President Trump indicating potential progress toward a memorandum of understanding.