Today's Tokyo stock market outlook = Selling pressure, with the strong yen weighing on the market. Export stocks are expected to be weak.

November 27, 2024, 8:04 AM GMT+9

In today's Tokyo stock market, it is expected to start with selling pressure as the Nikkei average is weighed down by the strengthening yen. There are suggestions that if the yen were to strengthen further, the Nikkei average might drop below the crucial 38,000 yen level. In terms of investment trends, it is expected that export-related stocks may see selling pressure, while domestic demand-related stocks are relatively more likely to be bought.
The expected range for the Nikkei average is 37,900 yen to 38,500 yen.
In today's Japanese stock market, a trend favoring selling is anticipated. The current dollar is hovering around 153 yen, showing a strengthening yen compared to the previous day's 3 p.m. At the market, there were voices suggesting that if the dollar were to fall to the mid-152 yen range leading to further strengthening of the yen, selling pressure on Japanese stocks would intensify (according to Senior Technical Analyst Toyonori Miura of Mizuho Securities).
It is expected that export-related stocks will trend weakly, and there are concerns about regulations on China under the upcoming Trump administration, with expectations of selling pressure on semiconductor-related stocks. On the other hand, sectors not significantly affected by the strengthening of tariffs in the USA, such as domestic demand-related sectors, may be sought after (according to Mr. Miura).

In major schedules, the release of the real gross domestic product (GDP, revised value) for the 7-9 month period in the USA, along with personal consumption expenditures for October, are scheduled to be announced.
In the previous day's US stock market, trading closed higher led by the S&P 500 (.SPX) and the Nasdaq Composite (.IXIC). Amid digesting the tariff policies of the upcoming President Trump and the minutes from the Federal Open Market Committee (FOMC), technology stocks were bought.