The Nikkei 225 fell 0.94% to 63,754.90 on Monday as a confirmed joint Japan-US yen-buying intervention sent the dollar down 2.12% to 156.79, pressuring exporters. Fanuc cratered 14% on heavy volume, the TSE short-selling ratio held at an elevated 45.4%, and the Nikkei VI jumped to a stressed 35.50.
The Nikkei 225 jumped 4.03% to 64,362.02 on a narrow, semiconductor-led rebound while the BOJ held rates at 1.0% with one dissent and USD/JPY closed at 160.28 amid intervention talk. The TSE short-sell ratio hit 43.8% — defensive positioning even into strength.
The Nikkei 225 rose 0.71% to 61,867.43 on a chip-led rally after Advantest’s guidance hike, but TOPIX fell 0.53% with only 3 of 17 sectors higher. Short selling ran 37.1% of TSE turnover, the Nikkei VI sits at a stressed 39.79, and the BOJ decides Friday.
The Nikkei 225 dropped 1.49% to 61,434 on a semiconductor sell-off sparked by SK Hynix earnings, yet 12 of 17 sectors advanced and Toyota jumped 7.2%. Short-selling eased to 33.6% of turnover ahead of Friday’s BOJ decision.
The Nikkei 225 fell 3.95% to 62,364.92 on Tuesday, its lowest close since May 21, as semiconductor names dropped double digits. Yet the short-selling ratio of 35.2% sat below its recent average, retail and auto stocks rallied, and the BOJ decision looms Friday.
Tokyo opened the week with a relief rally: the Nikkei added 0.5% and TOPIX outperformed as oil fell on a US-Iran pause, while the yen held near 163.5 and the TSE short-sell ratio printed 37.8% ahead of Friday’s BOJ decision.
The Nikkei 225 tells you what Japan’s most expensive stocks did; TOPIX tells you what the market did. A practical guide to price weighting, the NT ratio, and reading divergences between Japan’s two benchmark indices.
Tokyo’s chip complex bore the brunt of a global AI-spending scare on Friday: the Nikkei 225 fell 2.73% to 64,611 while defensives rallied, the yen held near 163.73, and the TSE short-selling ratio climbed to 43.8% — the top of its recent range.
Tokyo closed higher Thursday on renewed AI infrastructure optimism, with Advantest and SoftBank Group leading. Beneath the surface, the TSE short-sell ratio jumped to 43.2% of turnover and the Nikkei VI sits at a stressed 93rd percentile — a defensive tape wearing a bullish headline.
Tokyo surrendered an early tech-led rally on Tuesday, with the Nikkei 225 slipping 0.18% to 66,115.60 while banks and trading houses pushed TOPIX higher. The yen sank to 163.05 per dollar, JGB yields ground higher, and the TSE short-selling ratio jumped to 43.0% — the top of its recent range.