On April 23, 2026, the Nikkei 225 index surpassed the 60,000 mark for the first time during intraday trading on the Tokyo Stock Exchange, marking a significant psychological milestone for the Japanese equity market [1][2]. The rally was driven by strong buying interest from both domestic and international investors, with market participants noting a broad inflow of capital that sustained the upward momentum in the early session [2].
However, after breaching the 60,000 threshold, profit-taking accelerated as investors sought to lock in gains, leading to a surge in sell orders and a subsequent decline in the index later in the day [1][2]. Market observers attributed this pullback to a sense of accomplishment among investors, with many viewing the reversal as an expected reaction to reaching such a prominent level [1][2].
Analysts highlighted that the 60,000 mark now serves as a key psychological and technical level, with its ability to act as a new support line being closely watched. There is consensus among market participants that whether the Nikkei can establish 60,000 as a stable support will be critical for the continuation of the upward trend [1][2]. Technical analysis from the sources also points to 58,000 as a potential downside support level if the index fails to hold above 60,000 [2].
Looking ahead, market experts suggest that investor sentiment will be influenced by corporate earnings and overseas market trends. While some anticipate that renewed buying could emerge depending on new market catalysts, the immediate outlook is characterized by a tug-of-war between profit-taking and dip-buying [1][2].
CONCLUSION
The Nikkei 225's historic move above 60,000 was met with swift profit-taking, underscoring the psychological significance of this level. Market participants are now focused on whether 60,000 can become a new support, with near-term trading likely to be shaped by earnings reports and global market developments.