Japan Market Daily | Kabutaro & Friends

On June 11, 2026, the Nikkei 225 recorded a marginal gain to snap a two-day decline, closing up 38 yen at 64,217 yen. Sparked by escalating Middle East tensions and dimming prospects for an immediate end to the U.S.-Iran conflict, broad-based selling initially flooded the Tokyo market, dragging the benchmark index down by over 1,800 yen during early trading. However, dip-buying subsequently emerged in deeply discounted AI and semiconductor-related shares, erasing most losses to end slightly positive. In the FX market, safe-haven flows and rising yields strengthened the greenback, pushing the USD/JPY TTM rate up to 160.61 yen. While the U.S. May Consumer Price Index matched expectations with a muted initial reaction, Wall Street rallied overnight, with the S&P 500 surging 127.31 points to 7,394.30 following reports that the U.S. called off scheduled strikes on Iran and reached a ceasefire agreement.