Nikkei Retracts as Yen Pressures Exporters The Japan Nikkei 225 index pulled back from its recent record peak, closing down **0.4%**. This retreat was largely driven by a strengthening yen, which created significant headwinds for major export-oriented companies and dampened overall market sentiment. While the benchmark index dipped, the broader Topix index showed resilience, managing to secure a new all-time closing high. This divergence highlights a shift in capital flow as investors reassess sectoral strength amid changing currency dynamics. The downturn reflects a broader global trend seen on Wall Street, where a cooling of momentum in technology stocks has pressured indices. In Tokyo, the combination of tech-sector fatigue and a more expensive yen has prompted a period of consolidation following the recent historic rally.