Japan Market Daily | Kabutaro & Friends

On June 6, 2026, while major financial markets were closed for Saturday, global sentiment was heavily influenced by the previous night's unexpectedly strong U.S. non-farm payrolls report for May. Non-farm employment surged by 172,000, nearly doubling the market consensus of approximately 90,000, alongside significant upward revisions to the prior two months' data. This rekindled speculations of further rate hikes by the Fed, prompting the 10-year U.S. Treasury yield to jump into the 4.53 percent range. In the FX market, dollar buying accelerated sharply, pushing the USD/JPY cross back over the 160 threshold to peak near 160.35 yen. Concurrently, gold prices plunged on rate-hike anxieties, while WTI crude futures settled around the mid-92 dollar level as potential economic slowing balanced out ongoing Middle East supply worries, highlighting a market dominated by a surging dollar and rising bond yields.