The morning Nikkei average continued to decline, with exchange rate fluctuations causing instability, temporarily falling more than 400 yen.
September 11, 2024, 12:07 PM GMT+9 (excerpt)
In the morning Tokyo stock market, the Nikkei average continued its decline, closing at 35,867.33 yen, down 291.83 yen from the previous trading day. The strengthening of the yen during trading hours intensified the downward pressure on stock prices. It is presumed that the approaching calculation of the Major SQ (Special Clearing Index) this weekend also contributed to the volatile movements in stock prices.
After opening 129 yen lower, the Nikkei average further widened its losses. Selling pressure was evident as the dollar/yen rate was about 1 yen higher than the previous day's closing level in the morning. The significant selling pressure led to a drop of over 400 yen within a short period. With the calculation of the Major SQ (Special Clearing Index) approaching this weekend, substantial selling in futures is believed to have initiated the decline.
After opening 129 yen lower, the Nikkei average further widened its losses. Selling pressure was evident as the dollar/yen rate was about 1 yen higher than the previous day's closing level in the morning. The significant selling pressure led to a drop of over 400 yen within a short period. With the calculation of the Major SQ (Special Clearing Index) approaching this weekend, substantial selling in futures is believed to have initiated the decline.
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codeOZ(家長) : Bottomed out. If there are additional carry rollbacks, it might be better to buy bears instead of buying more in a weird way.