[Tokyo 29th Archyde.com]-
The Nikkei stock average is expected to weaken in today’s Tokyo stock market. The US stock market is disgusted by the sharp drop in the US Federal Reserve Board (FRB) chairman Powell’s speech, and it seems that it will start to fall sharply. However, there is a high possibility that the price will be reluctant to fall after the selling cycle, as the price will appear to be undervalued.
The expected range for the Nikkei Stock Average is 28,100 yen to 28,700 yen.
At an economic symposium held in Jackson Hole, Wyoming (Jackson Hole meeting), Chairman Powell expressed the view that monetary tightening is necessary “for the time being” until inflation is contained, even if it is accompanied by “pain” such as slowing growth. Indicated. That could erode optimism and dampen stocks’ fears of rate hikes.
In the US stock market on the 26th, the VIX index, which shows investor anxiety, jumped 17.36%. In addition, the Philadelphia Semiconductor Index (SOX) plunged 5.81%. As for Japanese stocks, semiconductor-related stocks, which have a large contribution to the index, are expected to collapse.
However, since the market price level is undervalued, it is likely that there will be bargain buying after the selling cycle. From a technical point of view, attention will be paid to whether the 25-day moving average line (28,246.90 yen = 26th) will function as a downside resistance line.
In the market, “The margin buying balance of bear-type ETFs is expanding, and there is a great demand for buybacks at lower prices. Kyoko Amemiya) was heard.
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 28641.38 29388.16 24681.74
+162.37 January 5, 2022 March 9, 2022
Chicago Nikkei Stock Average Futures 28220 (yen denominated)