# The Nikkei 225 rose more than 3 per cent in early trade.

*business · news · 2026-05-07 · Firstpost*

## Key points

- The Nikkei 225 surpassed 62,000 for the first time, rising over 3% after a market holiday.
- Japan’s yen surged sharply amid speculation of direct government intervention to support the currency.
- Brent crude fell nearly 8% after Iran reviewed a US-backed proposal to end the West Asia conflict.
- US Treasury Secretary Scott Bessent will visit Japan next week for talks on currency and economic security.
- Japan's currency talks will cover curbing yen speculation, rare earths, energy procurement, and Iran conflict.

**Countries:** Japan, Iran, United States

[Read the full story on Firstpost](https://www.firstpost.com/business/japan-nikkei-62000-record-iran-peace-hopes-asia-market-rally-oil-yen-ai-stocks-14008447.html)

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