Including turbulence, US NVIDIA financial results continue to focus on exchange rates = Tokyo stock market next week

8/23/2024 3:41 PM GMT+9

The Tokyo stock market is expected to be turbulent next week. Whether the financial results (announced 28th) of US NVIDIA will exceed market expectations is likely to be the focus in determining the immediate sense of direction. After passing the event, it is expected that price movements will continue while being aware of exchange rate trends in preparation for the announcement (30th) of the PCE deflator that the US Federal Reserve (FRB) emphasizes.
The forecast range for the Nikkei Average is 37,000 yen to 39,000 yen.
Assuming that the Nikkei Average has returned quite a bit since it plummeted in early August, “profit-making sales are easy to come out, and there is a possibility that the return will come to a standstill,” says Kitazawa Jun, Deputy Director of the Investment Information Group of the Product Division of Miki Securities.