Nikkei 225 Surges Past 70,000 on Breakout and Export Beat

The Nikkei 225 has broken decisively above key resistance at 68,615 and the 70,000 level, confirming an ongoing uptrend with the next technical target at 72,000. The move follows better-than-expected May export data showing 17.0% annual growth, driven by AI semiconductor demand, and improving June business sentiment with manufacturers’ confidence rising to +13. Earlier in the period the index had recovered from a corrective phase after peaking near 68,700 while investors awaited the Bank of Japan’s policy decision, keeping the near-term bias cautiously bullish above support at 65,200.