On March 19, 2025, the Nikkei 225 index closed at 38,107.27, reflecting an increase of 261.85 points, buoyed by a weaker yen. Earlier in the day, the index had dipped to 37,751, indicating volatility in the market. The yen was trading at around 149.00 against the US dollar, rising to the 150.00 level for the first time since March, which is seen as a critical threshold for carry trades. As the day progressed, the USD/JPY exchange rate fluctuated, with reports indicating it had risen above 150.00, before later declining to the 148.40 range. The market's reaction was influenced by the Federal Reserve's economic outlook, which has led to speculation about future interest rate adjustments by the Bank of Japan, particularly in light of upcoming CPI data.