The Tokyo Stock Exchange surpassed 3400 yen at 1 hour, and money rapidly rewound: experts see it this way

2024/8/6 11:49 AM GMT+9 (some excerpts)

　The Tokyo market on the 6th completely reversed from the state of panic the day before, and interest rates rose and yen depreciation progressed as stocks were greatly bought back. I like that the US economic indicators have surpassed expectations, and concerns about the recession have abated once.
We asked market participants for their views.
◎ There is an improvement trend in economic indicators, and we are waiting for the mullet to shrink for the time being
＜Daiwa Securities Senior Strategist Mr. Shuji Hosoi＞
Today's stock prices are affected by the easing of excessive sense of caution against the US recession, in addition to the autonomous backlash against the drastic depreciation the day before. The US non-manufacturing composite index (PMI) for July rose in a form that exceeded market expectations, and the non-manufacturing industry showed an improvement trend in the form of compensating for the negative manufacturing business index, and it was shown that the sense of deceleration was not as strong as expected. Regarding the domestic economy, real wages in June turned positive for the first time in 27 months, and it is now possible to expect a search for a wide range of domestic demand stocks.
However, since the volatility situation is still high, I would like to wait for calm to recover for a while. This is because if volatility remains high, it will be a factor that moves stock prices regardless of the economic environment. As an upcoming event, while confirming the details of the US Wholesale Price Index (PPI) and the US Consumer Price Index (CPI) next week, it will unfold while determining the possibility that emergency interest rate cuts will be decided at an extraordinary meeting in conjunction with the Jackson Hole meeting in August.