Next week's financial results and economic calendar (10/9 to 10/13) yen purchase intervention warning, determining the presence or absence of additional interest rate hikes in September US CPI

Next week's points
Japanese stocks are likely to solidify their lower prices next week. Long-term interest rates in the US have reached a high level for the first time in 16 years, and there is a strong sense of caution about valuation adjustments and the outlook for the economy. Meanwhile, adjustments to stock price levels have progressed,It's easy to buy at a lower price due to expectations for corporate financial resultsBloomberg reports.

To be announced next weekSummary of the September US FOMC proceedings、US Consumer Price Index (CPI) for SeptemberThe market price will be greatly affected. Depends on the contentThere is a possibility that fluctuations in long-term US interest rates will increase. According to Asset Management One, it seems that US stocks will continue to be unstable until it is confirmed that US interest rates have hit the ceiling. On the other hand, although there are many uneasy elements, it seems that there are many investors who move to pick up lower prices due to a sense of affordability at the current level of the Nikkei Average.

This week's market points
1. The Nikkei Average continues to decline for 3 weeks and falls below 31,000 yen
2. The Nikkei Average has been fluctuating since Monday and stalled after high in the morning
3. Risk aversion mood disgusted by rising interest rates in Europe and the US
4. The depreciation of the yen progressed to 150.16 yen at one point
5. Waiting for US employment statistics, wait-and-see attitude, buybacks do not continue
6. The number of people employed in the US non-farm sector significantly exceeded expectations, a significant increase since January

This week's Nikkei Average fell for 3 consecutive weeks to 30,994 yen, 862 yen (2.7%) lower than the previous weekend. The sense of caution against rising US interest rates increased this week, and the movement to avoid risk intensified all at once. Meanwhile, Bloomberg reported on the 6th that the “knock in three skies” buy sign is on the Nikkei Average chart. There were also voices from market participants pointing out the possibility that the exchange rate would rise. The dollar yen depreciated until 150.16 yen on the 3rd, and the exchange rate suddenly changed until the first half of 147 yen in less than 1 minute, and observations of yen buying intervention came out.

Although the number of JOLTS job offers announced this week exceeded expectations, the number of ADP private sector employees fell far short of expectations. However, the number of people employed in the US non-farm sector announced on the 6th greatly exceeded expectations, recorded a drastic increase since January, showing the solidity of the labor market, and it looked like the arguments for additional interest rate hikes by the US financial authorities were strengthened.