{"id":24949,"date":"2025-06-23T07:37:14","date_gmt":"2025-06-23T07:37:14","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=24949"},"modified":"2025-06-23T07:37:14","modified_gmt":"2025-06-23T07:37:14","slug":"nikkei-rebounds-as-exporters-gain-on-yen-weakness","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/nikkei-rebounds-as-exporters-gain-on-yen-weakness\/","title":{"rendered":"Nikkei Rebounds as Exporters Gain on Yen Weakness"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image_fx-86-1024x559.png\" alt=\"\" class=\"wp-image-20961\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nikkei closes at 38,446.65, up 1.22% from the open<\/li>\n\n\n\n<li>Initial losses reversed as exporters benefit from weaker yen<\/li>\n\n\n\n<li>Oil stocks outperform, chipmakers drag overall index<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Japan\u2019s Nikkei 225 recovered ground in late trading on Monday, closing at <strong>38,446.65<\/strong>, rebounding from an early plunge to <strong>37,951.65<\/strong>. The index&#8217;s 1.22% rally from the open reflects a broader stabilisation after initial panic following U.S. strikes on Iranian nuclear facilities.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Iran and Israel traded air and missile strikes as the world braced for Tehran&#39;s response to the US attack on its nuclear sites and President Donald Trump raised the idea of regime change in the Islamic republic <a href=\"https:\/\/t.co\/tYv4XCX2UZ\">https:\/\/t.co\/tYv4XCX2UZ<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1937007448449012134?ref_src=twsrc%5Etfw\">June 23, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Risk aversion surged during the Asian session as <a href=\"https:\/\/t.co\/Ur43zcdS8P\" target=\"_blank\" rel=\"noopener\" title=\"\">oil prices climbed to six-month highs<\/a>, weighing on sentiment. Japan, a major importer of crude, faces direct economic pressure from energy price spikes. Traders initially responded with broad selling, especially among manufacturers, on concerns about higher input costs and strained corporate earnings.<\/p>\n\n\n\n<p>However, market mood began to stabilise as the Japanese yen <strong><a href=\"https:\/\/t.co\/QGMAIbKb74\" target=\"_blank\" rel=\"noopener\" title=\"\">weakened to a six-week low<\/a><\/strong> against the U.S. dollar, providing a lift to <strong>export-heavy equities<\/strong>. <\/p>\n\n\n\n<p>A weaker yen boosts the overseas profits of firms like Toyota, Sony, and industrial producers when repatriated.<\/p>\n\n\n\n<p>In contrast, <strong>oil explorers<\/strong> and energy-related stocks surged in response to higher Brent prices. The Topix mining sub-index climbed <strong>1.49%<\/strong>, making it the day\u2019s strongest sectoral performer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The <strong>Nikkei 225<\/strong> has posted a clean intraday recovery, bouncing from a session low of <strong>37951.65<\/strong> and climbing back above the <strong>38400<\/strong> level. The price now sits just under immediate resistance at <strong>38459.35<\/strong>, with short-term momentum supported by a solid <strong>MACD crossover<\/strong> and rising histogram bars.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"552\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/06c9306a-9123-4e7e-8575-74d3bc891dbe.jpg\" alt=\"\" class=\"wp-image-24950\" \/><\/figure>\n\n\n\n<p><em>Picture: Asian equities find support; Nikkei leads with 1.22% gain, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>After a choppy sideways range over the past two sessions, this latest push aligns with broader optimism across Asian equities. A firm close above <strong>38460<\/strong> would set up a potential retest of <strong>38600<\/strong> or higher if momentum continues.<\/p>\n\n\n\n<p>The <strong>moving averages (5, 10, 30)<\/strong> are now aligned in a bullish stack, with price action clearing the 30-period MA decisively. Short-term bullish control is likely unless we see a rejection back below <strong>38350<\/strong>.<\/p>\n\n\n\n<p>With global conflict and instability persisting, particularly around the Strait of Hormuz, further sharp swings in the Nikkei cannot be ruled out. For now, Monday&#8217;s bounce offers temporary relief\u2014but sentiment remains fragile.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan\u2019s Nikkei 225 pared losses on Monday, lifted by yen depreciation and oil-related gains amid heightened Middle East tensions. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":20961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[11,30],"class_list":["post-24949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-indices","tag-nikkei"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/24949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=24949"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/24949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/20961"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=24949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=24949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=24949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}