Nikkei Tops 69,700 After US-Iran Deal Ahead of BOJ Hike

Tokyo’s Nikkei climbed to an intraday high of 69,705 on Monday, June 15, 2026, briefly adding roughly ¥77.22 trillion ($465 billion) in market value before standing at 69,234 later in the session.

President Donald Trump announced an agreement intended to end the US-Iran conflict, halting a US naval blockade of Iran and reopening the Strait of Hormuz. The pact is scheduled for signing in Switzerland on Friday. Oil benchmarks fell on the news, with West Texas Intermediate down about 4.6% and Brent off roughly 5%.

Asian markets led the advance. South Korea’s KOSPI rose about 5.46% and Japan’s Topix climbed 3.3%. US equity futures pointed higher, with Dow futures up around 342 points, S&P 500 contracts up roughly 0.9% and Nasdaq 100 futures about 1.4% higher. The total cryptocurrency market capitalization gained close to 2% and Bitcoin moved toward $66,000.

Market attention shifted to the Bank of Japan’s policy decision set for Tuesday, June 16. The central bank is widely expected to raise its policy rate from 0.75% to 1%. A survey of economists found 49 of 51 forecast a hike, and market-implied probabilities exceeded 90%.

Higher Japanese interest rates increase the cost of borrowing yen and reduce the attractiveness of the yen-funded carry trade. In that strategy, investors borrow yen at lower rates to buy higher-yielding assets abroad, including equities, bonds and cryptocurrencies.

Japan experienced four market selloffs linked to BOJ actions since 2024. Market participants said they will watch the BOJ’s statement and any forward guidance on the pace of further tightening for signals on near-term risk appetite.