Today's stock outlook = soft, yen appreciation is progressing heavily, and are financial stocks solid

08/1/2024 8:01 AM GMT+9 (some excerpts)

The Nikkei Stock Average is expected to develop softly in the Tokyo Stock Market today. The appreciation of the dollar/yen is progressing in the exchange rate in response to the interest rate increase decision at the Bank of Japan meeting, and it seems that it will weigh on Japanese stocks. In particular, it is expected that the upper price of export-related stocks such as automobiles will be suppressed. Meanwhile, the financial sector is expected to continue steadily from the previous day.
High-tech stocks were drastically higher in the US market the day before, and it was pointed out that the decline in semiconductor-related stocks would remain small.
The forecast range for the Nikkei Average is 38,700 yen to 39,000 yen.