Tokyo Market Summary: Has the Nikkei Average rebound to the 0.04 million yen level since the peak of “initial profit” passed

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The Nikkei average is 300 yen high at 1 time to support the “defense line” that supports the bullies
The Nikkei Stock Average increased by 300 yen or more from the previous day at one point. Although sales of “initial profit” by domestic institutional investors continue, investors' push purchases quickly enter at lower prices, and buying and selling intersect in the highest price range. What the bulls have in mind is the 25-day moving average, which has supported the rising market price that has continued since the beginning of the year as a “defense line.” The Nikkei Average has remained at a higher level than the 25-day moving average for 58 of the 59 business days since the beginning of 2024.
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The Nikkei average temporarily recovered to the 40,000 yen level has the peak of “profit at the beginning of the fiscal year” passed

Is interest rate cuts necessary for the strong rice economy, and if the number of times decreases, the yen will depreciate by 154 yen
Incidents had occurred in US monetary policy discussions even before the Easter holidays. The gross domestic product (GDP) growth rate of the US economy has exceeded 2%, and although inflation is struggling in the last mile, the trend is slowing towards the final target of 2%. As the US economy strengthens the state of an optimal-temperature economy, isn't it superfluous to cut interest rates? It may cause market looseness and induce a bubble of rising asset prices due to economic overheating. The fedow watch, which shows the possibility of the time and number of interest rate cuts seen by the market, also changes frequently depending on economic data, so it is necessary to look at “instantaneous wind speed.” Interest in the depreciation of the yen and movements in Japanese stocks is also growing in the NY market, so it is speculated that depending on the US economic indicators for the April-6 period, a defensive line of exchange market intervention may be tolerated from 152 yen to about 154 yen. 155 yen is presumed to be a dead end.
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Minister of Finance receives exchange “high sense of tension and close attention” in the latter half of the 151 yen range
The dollar and yen are strong until around 151.80, which is the highest level for the first time in about a week

The retail price of domestic gold hits a new high, and overseas market prices are boosted
The domestic retail price of gold (gold) hit a new high every day. In addition to the fact that overseas gold prices rose, such as New York futures, which are international indicators, hitting a high on the 1st, the depreciation of the yen and appreciation of the dollar progressed in the foreign exchange market, boosting domestic prices in yen. Purchases of gold, which are regarded as “safe assets,” continued in the wake of the tense situation in the Middle East and the Russia-Ukraine conflict.

Featured stocks
Nippon Steel shares temporarily exceeded 3%, according to reports surrounding the US Steel takeover
On the Tokyo Stock Exchange $Nippon Steel(5401.JP)$There was a rebound, and a high price was set at 3745 yen, which is 3% higher than the previous business day. Major US steel company $United States Steel(X.US)$Reports have been viewed as material that formal commitments relating to expenditure and employment were presented to the American Steel Workers Union (USW) over an acquisition plan on the scale of 14.1 billion dollars.

WTI prices rise due to high INPEX and petroleum resources, and strong economic indicators between the US and China
$Inpex(1605.JP)$Ya $Japan Petroleum Exploration(1662.JP)$、 $ENEOS Holdings(5020.JP)$Petroleum-related stocks such as these are expensive. The US crude oil futures exchange rate on the 1st rose to 83.71 dollars per barrel, 0.54 dollars higher than the previous business day for the May term of WTI (West Texas Intermediate). The US March ISM manufacturing business confidence index announced on the same day exceeded market expectations (48.4) by 50.3. Also, China's March Manufacturing Purchasing Managers Business Index (PMI), which was announced on March 31, was strong at 50.8. In response to economic indicators from the US and China, the view that solid crude oil demand can be expected from the market has strengthened.

Shimamura's stock price fell 10% and the 2% increase in operating profit this fiscal year was unsatisfactory
$Shimamura(8227.JP)$has plummeted. 7720 yen, which was 10.23% lower at one time, was added. On the 1st, it was announced that consolidated operating profit for the fiscal year ending 2025/2 (current fiscal year) is likely to increase 2% from the previous fiscal year to 56.3 billion yen. It is expected that high-price products will be expanded and sales and profit will increase, but operating profit did not reach 58 billion yen (13 companies, as of 3/5) of the QUICK consensus, which is the market forecast, and sales are expanding from the view that it is unsatisfactory.