Nikkei average fell at the opening, with intervention of buying yen. On April 29, 5.9 trillion yen, and on May 1, 3.8 trillion yen, according to the Ministry of Finance.

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The yen is in the mid-144 yen range against the dollar, with a strong sense of caution among investors due to worsening market sentiment.
The exchange rate of the yen in the Tokyo foreign exchange market on the morning of the 7th remained at around 144 yen to the dollar. Following the Japanese stocks, US stocks also rose, and the sharp risk aversion of investors has eased, but the caution against unwinding yen positions is supporting the yen.

Selling of Japanese stocks has gone too far, still an attractive investment destination = Bridgewater
On the 6th, hedge fund Bridgewater Associates indicated in a letter to investors that the sharp decline in Japanese stocks was excessive and that Japanese stocks are still an attractive investment opportunity. This was revealed by a person familiar with the letter.

Foreign exchange intervention record (daily basis): 5,918.5 billion yen on April 29, 3,870 billion yen on May 1
According to the daily basis implementation situation of foreign exchange balance operations (foreign exchange intervention) for the April-June period announced by the Ministry of Finance on the 7th, the intervention of selling yen and buying dollars was conducted on April 29th with 591.85 billion yen and on May 1st with 387.00 billion yen.

CTA is affected by the sudden decline of bank stocks and the rise of gold interest rates, leading to the dissolution of trades – despite the call for steady recovery.
Bank stocks have been greatly affected by the historic crash of Japanese stocks. With the current situation of the Bank of Japan's monetary policy direction and position adjustment, market participants are starting to have a positive outlook on the future.

The meltdown of Japanese stocks in the Reiwa era has set historic new records one after another in the Showa and Heisei eras.
After the Bank of Japan decided on additional interest rate hikes at the monetary policy meeting on July 31st, the yen exchange rate soared in the foreign exchange market, and concerns about the future of the US economy also increased due to weak economic statistics, causing the Nikkei stock average to drop by about 7,600 yen in the first three business days of August.

The NTT Data Group is selling. The final results for the April-June period (1Q) showed a 23% decrease in profits, impacted by an increase in financial expenses.
$NTT Data Group (9613.JP)$The financial results (IFRS) were announced after the close on August 6th (15:00). The consolidated net profit for the first quarter (April-June) of the fiscal year ending in March 2025 decreased by 23.2% compared to the same period of the previous year, amounting to 21.2 billion yen. The progress rate against the full-year plan of 137 billion yen remained at 15.5%, which is also below the 5-year average of 24.3%.

Canon is significantly rising and will implement a share buyback of up to 32 million shares.
$Canon (7751.JP)$The stock price is sharply rising. The company announced that it will conduct a share buyback after the end of trading on the 6th, which is seen as a positive factor. The upper limit is set at 32 million shares (3.32% of the issued shares) or 100 billion yen, and the acquisition period is from August 7th to October 31st. It is stated that it will be acquired as part of the shareholder return strategy.