[TOKYO (Archyde.com)]- Today’s Tokyo stock market is expected to start with buying ahead of the Nikkei Stock Average. Following yesterday’s surge in US stocks, the Japanese stock market is likely to see firm price movements as well. It is expected that there will be a scene to recover the milestone 28,000 yen, but it is expected that profit-taking selling will be easy before the weekend, and growth will be sluggish following the end of the rise. The dollar/yen is swinging in the direction of yen appreciation, and it is said that it may weigh on export-related stocks.
The expected range for the Nikkei average is 27,700 yen to 28,100 yen.
The U.S. stock market continued to rally, with all three major stock indexes closing more than 1% higher. The U.S. GDP contracted for the second straight quarter in the second quarter, prompting speculation that the U.S. Federal Reserve won’t need to raise interest rates as aggressively as some thought. Spread. Real GDP in the second quarter fell 0.9% from the previous quarter on an annualized basis, the Commerce Department released on Thursday.
Today’s Japanese stock market is expected to get off to a solid start following the rise in US stock prices, and is likely to recover temporarily to the milestone of 28,000 yen. However, in the market, “US stocks did not rise because the US economy was good, but as US interest rates declined due to the economic downturn,” said Yutaka Miura, Senior Technical Analyst at Mizuho Securities. Some pointed out that it was unclear whether aggressive buying would continue. After the recovery of 28,000 yen, profit-taking selling will become dominant, and it is expected that the market will scramble around 27,900 yen.
In addition, the current dollar/yen exchange rate is in the low 134 yen range, indicating that the yen is trending higher, and is likely to weigh on export-related stocks. It was also pointed out that the number of new infections with the new coronavirus is increasing rapidly in Japan, and the possibility of a weak trend centered on the service industry has been pointed out.
On the other hand, US stock futures are rising following Apple and Amazon.com announced good financial results on the 28th. That’s right,” (Mr. Miura) was heard.
In terms of the main schedule, in Japan, the consumer prices in the wards of Tokyo in July (Ministry of Internal Affairs and Communications), the job openings-to-applicants ratio in June (Ministry of Health, Labor and Welfare), and the unemployment rate in June (Ministry of Internal Affairs and Communications) are scheduled to be announced. Group, Denso, Mizuho Financial Group, Sumitomo Mitsui Financial Group, etc. will announce their financial results.
Overseas, the United States will release personal income and consumer spending (Department of Commerce) in June, and the final figures for the University of Michigan Consumer Confidence Index in July.
Closing price of the previous business day High price since the beginning of the year Low price since the beginning of the year
Nikkei Average 27815.48 29388.16 24681.74
+99.73 2022/01/0 2022/03/0
5 9
Chicago Nikkei Stock Average Futures 27850 (Yen denominated)
