Nikkei average starts with a slight increase, caution towards high yen and low stocks from the end of the year to the beginning of the year. Governor Ueda considers economic data “as expected,” according to Nikkei interview, as the material. Financial stocks are high.

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Summary of the foreign exchange market in the United States: The Bank of Japan's rate hike in December is anticipated, causing a temporary softening to the 149.40 yen level.
On November 29, in the New York foreign exchange market, the dollar-yen exchange rate ended the trading session around ¥149.77 per dollar, a depreciation of $0.18 compared to the previous day. The euro was trading around ¥158.41 per euro, a depreciation of €0.15 compared to the yen. The consumer price index (CPI) for the central Tokyo area announced by the Ministry of Internal Affairs and Communications on the 29th of November exceeded market expectations, leading to increased buying of the yen on the anticipation that the Bank of Japan would raise interest rates further at the December monetary policy meeting.
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【Outlook for Today】Heightened awareness of strong yen.
Bank of Japan Governor Ueda: 'Economic data is progressing as expected,' probability of rate hike in December rises.

【Tome Sugimura's Short-Term Market Outlook】 -Be cautious of the strong yen and falling stock prices from the year-end to the new year!
In America, once Thanksgiving (November 28th -> holiday) passes, it quickly transitions into Christmas mode. In November, hedge funds have their financial statements, while pensions and others have them in December. Therefore, it's difficult to take new positions during this period. The top-performing fund managers are on break. For underperformers? They get fired. As a result, liquidity decreases, especially with the looming start of the Trump theater this year.

【Kitahama Ryuichiro's Insightful Stock Forecast!】 - Let's bet on the top stock to avoid the Trump storm.
Finally, the final month of 2024 has begun. The opening price of the Nikkei Stock Average this year was ¥3193.00. It closed at ¥8208.00 in November, representing an increase of ¥5015.00 (15.1%) compared to the beginning of the year. This can be considered a reasonably good performance. However, reaching an all-time high of ¥2426.00 at one point, with an increase of ¥9233.00 (27.8%) from the beginning of the year, is slightly disappointing. The anticipated "Trump Rally" following Trump's victory in the U.S. presidential election was expected to cause a rapid rebound in the stock market from November, but it seems that such expectations have been let down.
As you know, propelled by the "Trump Rally" in the U.S., the NY Dow and S&P 500 reached all-time highs, with the Nasdaq also approaching those levels, yet the Tokyo market remains stagnant. The reason for this is clear: "Fear of Trump."

Mitsui Sumitomo rises for 3 consecutive days - Bank of Japan Governor Ueda views economic data "as expected", driving up financial stocks.
$Sumitomo Mitsui Financial Group (8316.JP)$Rises for the third consecutive day. An interview with BOJ Governor Ueda reported by the Nikkei on November 30th. According to the article, he mentioned that the timing of additional rate hikes is approaching as data is "on track". Following Governor Ueda's statement, there has been increasing speculation of an imminent rate hike, leading to the buying of financial stocks.

Automobile stocks such as Toyota are in a mix of buying and selling, with attention to the undervaluation of PBR due to concerns about the strong yen and Trump's tariffs, as well as bargain hunting.
$Toyota Motor (7203.JP)$It continues to move sideways in the bottom price zone. $Honda Motor (7267.JP)$、 $Nissan Motor (7201.JP)$Various stocks are also experiencing buying and selling at low levels. Although bargain hunting is observed due to the sense of value, there is still a heavy resistance on the upside. Currently, there is active movement in selling dollars and buying yen in the background of narrowing the interest rate gap between Japan and the US due to the decline in long-term US interest rates.

Daiichi Sankyo - up for the 4th consecutive day, investing 23 billion yen in China to establish pharmaceutical production facilities = Nikkei
$Daiichi Sankyo (4568.JP)$Continues to rise for 4 consecutive days. According to the Nikkei Digital Edition at 18:07 on the 29th, the company announced on the 29th that it will invest approximately 1.1 billion yuan (approximately 23 billion yen) in the construction of a pharmaceutical production building in Shanghai, China.

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The Tokyo stock market continues to show uncertain movements. The Nikkei average stock price is in a sideways movement around the 75-day moving average of 18,000 yen, with buying on dips at the lower levels, but struggles to push higher. The cautious stance is attributed to fears of the protectionist policies of the incoming US President Trump in January next year, especially concerning tariffs, which are causing headwinds in the high-tech, machinery, and automobile sectors. This is putting pressure on the overall index's upside.