I expect it to be 38,700 yen. The Bank of Japan meeting is a...
I expect it to be 38,700 yen. The Bank of Japan meeting is already priced in, so recent ups and downs are not expected to have much impact on stock prices. It is believed that most of the 1,000 yen increase on Monday was due to short cover of position adjustments, so shorts are expected to enter after the Bank of Japan meeting. The Dow is expected to decline due to position adjustments before the FOMC meeting, and will be dragged down. After the FOMC meeting, prices will rise temporarily, but the momentum of shorts will be strong and then shift to a downward trend. It is anticipated to fall below the 25-day moving average on 3/22.
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