Toyota Motor Corporation (TM) saw its stock price surge 5.03% in the 24 hours leading up to Tuesday's market close, driven by a confluence of factors that boosted investor sentiment toward the automaker.

The primary catalyst for the rally was a weaker Japanese yen, which hit 149.83 against the US dollar during Tuesday's Tokyo trading session. A weaker yen is generally positive for export-oriented companies like Toyota, as it increases the value of overseas earnings when repatriated back into yen.

Additionally, investors appeared to be pricing in expectations of favorable trade policies that could benefit Toyota's business. According to market watchers, traders were closely monitoring developments in US trade and foreign policies, betting that new agreements could open up opportunities for the automaker.

Further fueling the stock's momentum was Toyota's announcement of an upcoming cash dividend payment to shareholders. The prospect of extra cash payouts tends to make a company's shares more attractive to income-oriented investors, potentially driving increased demand for the stock.