The Nikkei average started with 76 yen depreciation, and Tokyo consumer prices rose 2.2% in July and growth expanded, same as market expectations

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The yen rose in the latter half of the 153 yen range, rising from a high for the first time in two and a half months due to strong US economic indicators and resolved
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 26th remained in the latter half of the $1 = 153 yen range. After rising to the 151 yen level since May at the beginning of the London market, it was sold back in response to gross domestic product (GDP) for the April-June period, which exceeded expectations of the United States. Ahead of the Japan-US monetary policy decision next week, it is likely that the rebound in yen sales positions will continue, but once the high price is confirmed, the momentum of yen buying seems to slow down.

Tokyo consumer prices rose 2.2% and growth expanded in July, same as market expectations
Growth expanded from the previous month in the consumer price index (core CPI excluding fresh food) for the Tokyo district in July, which is a leading indicator of prices nationwide. The Bank of Japan has surpassed its target of 2% for the second month in a row.

High expectations for bank settlement, influence of Bank of Japan rate hike penetrates - also a driving force behind Japanese stock appreciation
The effects of the cancellation of negative interest rates by the Bank of Japan will be fully reflected for the first time in the financial results for the April-June fiscal year to be announced soon by Japanese financial institutions. Strong earnings are expected to be the driving force behind the rise in Japanese stocks in the market. Since the Bank of Japan is expected to implement additional interest rate increases by the end of the year, expectations are growing that bank profitability will improve.

The sudden sharp rise in yen evokes “widespread position liquidation” across the market
The rapid rise in yen upset the global market, and the Chinese yuan also appreciated. While investors were reviewing leveraged positions, a wide range of assets such as Japanese stocks, gold, and bitcoins were sold. The yen rose to a high of 2 months or more against the dollar on the 25th, and this reflects the rapidly growing view that there is a high possibility that interest rate differences between Japan and the US will shrink.

Canon is showing signs of success, and sales are now at a record high for the first time in 17 years due to an increase in earnings forecasts for the fiscal year ending December
$Canon(7751.JP)$It turned back for the first time in 3 days with a strong start, and recovered to the 4,400 yen level where the 5th, 25th, and 75th moving averages converged at an indicative value. After the end of trading on the 25th, revisions to the earnings forecast for the fiscal year ending December 24 were announced, and operating profit increased from the previous forecast of 435 billion yen to 465 billion yen (24% increase from the previous fiscal year).