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Japanese Stocks Poised to Drop on Yen, Kioxia Miss

Bloomberg Markets •
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Japanese stock futures indicated a lower open as concerns over yen weakness persisted among investors. Traders stayed alert for potential further yen intervention following coordinated efforts by Tokyo and New York to prop up the currency.

Kioxia Holdings Corp. faced scrutiny after its profit forecast fell short of analysts' expectations, adding pressure to market sentiment.

The combination of currency worries and corporate earnings disappointments fueled cautious trading sentiment.

Market participants remained focused on yen movements and any potential policy responses from Japanese authorities.