[TOKYO (Archyde.com)]- The Tokyo stock market is expected to remain flat this week. The BOJ’s next presidential and vice presidential candidate has passed the House of Representatives hearing without incident, and while the stock market has spread a sense of security, uncertainty surrounding US inflation trends and US monetary policy is likely to weigh on the market. The price movement is expected to be in the 27,000 yen range this week as well, and the price range is expected to be limited. It has been pointed out that investors will continue to buy low-PBR (price-to-book-value) stocks.
The expected range for the Nikkei Stock Average is 27,000-27,700 yen.
“The Nikkei Stock Average is likely to move sideways this week amid a mix of strong and weak factors. While the hearing of the BOJ’s presidential and vice presidential candidates has passed without incident, it is expected to continue to be solid, but there are concerns regarding prolonged tightening of the US monetary policy. The Nikkei Stock Average is expected to sell back once it exceeds 27,500 yen.The Tokyo Stock Exchange is working to improve the PBR of companies that have continued to fall below 1.0 times this spring. With the policy of requesting the disclosure of progress and progress, stocks with low PBRs are likely to continue to be bought.As dividends are expected to be collected toward the end of the term, bank stocks and other stocks are likely to rise. / The weak yen trend in the yen exchange rate is also likely to be a support factor for export stocks in terms of corporate performance.
“Currently, stocks with large market capitalization are trending steadily, and I get the impression that long-term institutional investors are investing money. However, it is unlikely that the currency will rise sharply toward 28,000 yen, and the topside will likely be restrained at around 27,700 yen. One year following the invasion of Ukraine by , it is necessary to pay attention to the rising geopolitical risks.In the near term, if tensions in Ukraine further increase, risk-off attitudes will strengthen, and downward pressure on stock prices is likely to be exerted. I’m watching
