Tokyo Stocks Set to Slide Amid Yen Worries and Kioxia Earnings Miss

Japanese stock futures are pointing to a lower open as traders remain vigilant about potential yen intervention. The Nikkei 225 Stock Average futures expiring in September on the Chicago Mercantile Exchange traded at 63,475 as of 7:37 a.m. in Tokyo.

This comes after Tokyo and New York coordinated efforts to support the currency. Meanwhile, Kioxia Holdings Corp. may face pressure following its profit forecast, which missed analysts' expectations.

The yen has been a subject of concern for traders in recent times, with many watching for signs of further intervention from authorities.