Today’s stock outlook = weakness, yen depreciation and crude oil price plunge clues to lowering reluctance | Reuters

[Tokyo 12th Archyde.com]-

The Nikkei Stock Average is expected to be weak in today’s Tokyo stock market. While the fall in the US stock market on the previous day is disgusting, the dollar’s appreciation / yen depreciation and the sharp drop in crude oil prices are supporting factors, and it is said that it will be reluctant to decline following the sales cycle.

On the technical side, it is conscious of the offense and defense once morest the 25th moving average, which is located around 26,800 yen on the Nikkei average, and the half price push (26,510 yen) for the sharp rise in March. Lhotse’s stock price trend, which announced good financial results the day before, is also likely to attract attention.

The expected range of the Nikkei average is 26,500 yen to 26,900 yen.

The US stock market on the 11th started in a risk-off mood from the beginning of the week and closed sharply. Rising bond yields weigh on growth stocks. All three major stock prices have sunk significantly into the negative territory, and Nasdaq Composite, which has a large weight of high-tech stocks, closed at 2.2% lower.

In response to this, Japanese stocks are expected to start softly. It’s likely that we’ll be rushing to Chicago Nikkei Average Futures. However, some say that the decline will be limited because the weak yen and the sharp drop in crude oil are regarded as favorable factors, as well as showing the resilience at the turning point of the technical downside.

In the market, “Lhotse’s move, which announced good financial results yesterday, is drawing attention. If it becomes a move to buy obediently, good financial results will be the basis of stock prices in the future, but like yesterday’s Yaskawa Electric, lower it and buy with business results. If this is not the case, the market will likely be more severe, “said Hiroyasu Mori, director of the Investment Information Office of Okaji Securities.

Previous business day closing price Year-to-date high price Year-to-date low

Nikkei 225 26821.52 29388.16 24681.74

– 164.28 January 5, 2022 March 9, 2022

Chicago Nikkei Average Futures Limit 26730 (yen denominated)