The Nikkei average started with a gain of 279 yen, the yen was at the low 153 yen against the dollar, and the long-term US interest rates fell to the lowest level in about 34 years for a while.

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The yen is trading in the mid-153 yen range against the dollar, reaching its lowest level in about 34 years due to the rise in long-term US interest rates.
In the morning of the 12th, the yen exchange rate in the Tokyo foreign exchange market was in the mid-153 yen range per dollar, showing a slight decline from the previous evening. It temporarily reached a low of 153 yen and 32 sen, the lowest level since June 1990. It is expected that there may be a move to buy back the yen due to position adjustments and concerns about intervention before the weekend, but the gradual trend of a stronger dollar and weaker yen is likely to continue as long-term US interest rates rise.

Japanese authorities are considering intervention if the yen breaks through the 155 yen range, according to MUFG Goncalves, the strategist at MUFG Securities America. This is based on the fact that the yen weakened and the dollar strengthened, breaking through the previously cautious level due to an upside surprise in the US Consumer Price Index (CPI).
George Goncalves, the Head of Macro Strategy at MUFG Securities America, suggested that the new caution level for Japanese currency authorities to intervene would be when the exchange rate is 1 dollar = 155 yen. This is because the yen weakened and the dollar strengthened, breaking through the previously cautious level, in response to an upside surprise in the US Consumer Price Index (CPI).

Construction stocks are being led by subcontractors, benefiting from the domestic shift in the manufacturing industry and the improvement in market conditions.
Construction stocks are gaining momentum in the Japanese stock market. The movement to bring back manufacturing bases to the domestic market in response to the government's support for the semiconductor industry and the increasing geopolitical risks has become active, leading to expectations of improved profitability.

Mitsui Fudosan - rebounds after 3 days, announces new long-term management policy and dividend increase.
$Mitsui Fudosan (8801.JP)$Rebound after 3 days. The company announced on the 11th that it has formulated a new long-term management policy. By implementing three business strategies: further growth of core business, expansion into new asset classes such as sports and entertainment, exploration of new business areas, and acquisition of business opportunities, it will practice ambidextrous management.

FujiFilm HD - Rebound after 4 days. Nikkei reported that the company will increase the production capacity of biopharmaceuticals used in cancer treatment and other areas fivefold by 2028.
$FUJIFILM Holdings (4901.JP)$Rebound after 4 days. The morning edition of the Nihon Keizai Shimbun dated the 12th reported that the company plans to increase its production capacity of biopharmaceuticals used in cancer treatment and other areas fivefold by 2028.

Laser Tech, Socionex, and other leading semiconductor stocks are strong, with a significant rise in the SOX index triggering buying back.
$Lasertec (6920.JP)$、 $Tokyo Electron (8035.JP)$、 $Disco (6146.JP)$ and other leading manufacturers of semiconductor manufacturing equipment, as well as $Socionext (6526.JP)$the largest supplier of automotive microcontrollers $Renesas Electronics (6723.JP)$Many leading stocks in the semiconductor sector are aiming for higher prices.