[TOKYO (Reuters)]- Today’s Tokyo stock market is expected to see the Nikkei stock average go up and down. The US market on the previous day is likely to support the market as excessive concerns over remarks by the chairman of the US Federal Reserve Board (FRB) have eased and stock prices have risen. On the other hand, in addition to the depreciation of the dollar/strength of the yen, stock prices are still in the high range for the first time in a month and a half.
The expected range for the Nikkei Stock Average is 27,500 yen to 27,800 yen.
On the previous day, the US stock market ended trading with a rebound amid volatile price movements. Fed Chairman Jerome Powell said in an interview that he expects 2019 to be a year of “significantly lower inflation,” prompting renewed hopes of a slowdown in monetary policy tightening after last week’s employment report.
Shingo Ide, Chief Equity Strategist at NLI Research Institute, commented on the rise in U.S. stocks in response to the chairman’s remarks: out. Today’s Nikkei Stock Average fluctuates, and price movements lacking a sense of direction are expected.
Lower long-term interest rates in the United States and higher tech stocks such as the Nasdaq Composite and the Philadelphia Semiconductor Index (SOX) are expected to support domestic semiconductor-related and growth stocks.
On the other hand, the appreciation of the yen is likely to restrain the upside, especially in export-related stocks. It is thought that the high price wariness is smoldering, and profit-taking selling is likely to occur. “The strong yen will weigh on the market. However, US stock prices are recovering towards the end of the season, so the atmosphere is not bad, and Japanese stocks are likely to be firm,” said Mr. Ide.
Today, in addition to the announcement of the balance of payments for December and the economic watchers survey for January, there will also be financial results announcements for Pan Pacific International Holdings and Fujifilm Holdings. In the U.S., several Fed officials will have a chance to speak, and Walt Disney Co. will announce its results.
Nikkei Average 27685.47 29388.16 24681.74
-8.18 2022/01/0 2022/03/0
5 9
Chicago Nikkei Stock Average Futures 27660 (Yen denominated)
