Japan's Nikkei Set to Extend Friday's Advance as Yen Weakens and U.S. Futures Rise

The Nikkei 225 index is poised to open higher on Monday, June 2, extending gains from the previous session, supported by a weaker yen and positive cues from U.S. stock futures. Futures on the Nikkei pointed to a rise of about 200 points, following a 1.2% advance on Friday, May 29, when the benchmark closed at 38,500. The yen depreciated to 143.20 per dollar in early Asian trading, boosting the earnings outlook for Japanese exporters. Wall Street's S&P 500 futures rose 0.3% in electronic trade, setting a favorable tone. Investors also shrugged off mixed domestic economic data released late Friday. Analysts said the market remains focused on the Bank of Japan's policy stance and the upcoming corporate earnings season.