Today's stock outlook: Pause in the rise, concerns remain about the strong yen due to weakened US CPI. Also watching the US retail indicators with caution.

August 15, 2024 8:14 AM GMT+9 (excerpt)

In today's Tokyo stock market, a temporary halt in the upward trend of the Nikkei Stock Average is expected. Weak US Consumer Price Index (CPI) and lingering caution about a stronger yen in the future. Concerns over exchange rates could lead to stability unless there are significant movements in the USD/JPY pair. Ahead of the release of US retail revenues, caution is expected, with investors adopting a wait-and-see approach.
The expected range for the Nikkei Average is between 36,000 yen and 36,700 yen.
Amid the domestic Bon holiday period, there is a view that 'long-term investors are not active, and there is no strength to pursue higher prices' (Asai Ichiro, Senior Strategist at SBI Securities). While the three major US stock indices were up, the Philadelphia Semiconductor Index (SOX) was slightly down, which is expected to limit the upside of domestic semiconductor-related stocks.