Tokyo market summary: Nikkei average continues to rise significantly, widely bought due to weaker yen, speculation of continued large interest rate cuts in the United States recedes.
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The Nikkei average closed at 37,155.33 yen, up 775.16 yen from the previous trading day.
The possibility of reassessing Japanese stocks due to the stabilization of the yen on tomorrow's Bank of Japan policy decision.
The Nikkei Volatility Index is rising, with continued caution ahead of the announcement of the Bank of Japan meeting results.
Dollar buying slows down. Tonight, the number of new unemployment insurance claims in the United States will be released. The Federal Reserve is shifting its focus from inflation to the labor market.
Toyota's stock continues to rise significantly, despite the sharp decline in interest rates in the United States, providing a sense of security for investors due to the depreciation of the yen.
Hot Stocks: $Toyota Motor (7203.JP)$、 $Sumitomo Forestry (1911.JP)$、 $Mitsubishi Heavy Industries (7011.JP)$etc
- Moomoo News Japan Stock Sherry
The Nikkei average closed at 37,155.33 yen, up 775.16 yen from the previous trading day.
The possibility of reassessing Japanese stocks due to the stabilization of the yen on tomorrow's Bank of Japan policy decision.
The Nikkei Volatility Index is rising, with continued caution ahead of the announcement of the Bank of Japan meeting results.
Dollar buying slows down. Tonight, the number of new unemployment insurance claims in the United States will be released. The Federal Reserve is shifting its focus from inflation to the labor market.
Toyota's stock continues to rise significantly, despite the sharp decline in interest rates in the United States, providing a sense of security for investors due to the depreciation of the yen.
Hot Stocks: $Toyota Motor (7203.JP)$、 $Sumitomo Forestry (1911.JP)$、 $Mitsubishi Heavy Industries (7011.JP)$etc
- Moomoo News Japan Stock Sherry
Market Overview
On today's Tokyo stock market, the Nikkei Stock Average closed at 37,155.33 yen, up 775.16 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,616.87, up 51.50 points. Export-related stocks rose sharply due to the yen depreciation after the Federal Open Market Committee (FOMC), and buying also spread to domestic-demand industries, pushing up the stock index.
On today's Tokyo stock market, the Nikkei Stock Average closed at 37,155.33 yen, up 775.16 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) closed at 2,616.87, up 51.50 points. Export-related stocks rose sharply due to the yen depreciation after the Federal Open Market Committee (FOMC), and buying also spread to domestic-demand industries, pushing up the stock index.
Top News
Possibility of reevaluation of Japanese stocks in the wake of the yen's strength easing as the BOJ policy remains unchanged tomorrow.
There is a high expectation that the BOJ will maintain the policy interest rate at the monetary policy meeting, leading to hopeful measures to halt the yen's appreciation.
Amid the yen's appreciation, concerns about the performance risk of Japanese companies are on the rise, with the TOPIX index falling below the MSCI Asia Pacific index for 6 consecutive months.
If the pressure from the yen's strength eases, there is a potential for a reassessment of Japanese stocks based on the perceived undervaluation in investment indicators.
The delayed pricing in of BOJ's additional interest rate hikes in the domestic bond market may pose a potential risk factor for sudden interest rate increases affecting Japanese stocks in the future.
Possibility of reevaluation of Japanese stocks in the wake of the yen's strength easing as the BOJ policy remains unchanged tomorrow.
There is a high expectation that the BOJ will maintain the policy interest rate at the monetary policy meeting, leading to hopeful measures to halt the yen's appreciation.
Amid the yen's appreciation, concerns about the performance risk of Japanese companies are on the rise, with the TOPIX index falling below the MSCI Asia Pacific index for 6 consecutive months.
If the pressure from the yen's strength eases, there is a potential for a reassessment of Japanese stocks based on the perceived undervaluation in investment indicators.
The delayed pricing in of BOJ's additional interest rate hikes in the domestic bond market may pose a potential risk factor for sudden interest rate increases affecting Japanese stocks in the future.
Dollar buying takes a break tonight with US initial jobless insurance claims, FRB focusing on labor market over inflation.
The substantial interest rate cut by the US FOMC is within expectations. This led to the typical 'buy on rumor, sell on fact' trend, strengthening the dollar in Tokyo morning trading. The USD/JPY rate rose to around 143.95 yen at one point, increasing by over 2 yen from the early morning low of around 141.90 yen. Subsequently, the dollar's buying momentum has eased and there is back and forth action in the Euro/USD and GBP/USD rates. The dollar index and the yield on the US 10-year bond have seen a reduction in their rate of increase. US stock futures and Asian stocks are rising, reflecting a preference for risk, while the yen is declining.
The substantial interest rate cut by the US FOMC is within expectations. This led to the typical 'buy on rumor, sell on fact' trend, strengthening the dollar in Tokyo morning trading. The USD/JPY rate rose to around 143.95 yen at one point, increasing by over 2 yen from the early morning low of around 141.90 yen. Subsequently, the dollar's buying momentum has eased and there is back and forth action in the Euro/USD and GBP/USD rates. The dollar index and the yield on the US 10-year bond have seen a reduction in their rate of increase. US stock futures and Asian stocks are rising, reflecting a preference for risk, while the yen is declining.
The Nikkei Volatility Index is rising, with continued caution as the results of the BOJ meeting are awaited.
The Nikkei Volatility Index (an index that represents how investors expect future market volatility) has increased to 28.69, up +1.55 (+5.71%) from the previous day. The high for today so far is 28.93, and the low is 24.89.
The Nikkei Volatility Index (an index that represents how investors expect future market volatility) has increased to 28.69, up +1.55 (+5.71%) from the previous day. The high for today so far is 28.93, and the low is 24.89.
Hot Stocks
Toyota shares continued to rise significantly, despite the drastic interest rate cuts in the US, with the yen weakening and providing a sense of comfort for buyers.
$Toyota Motor (7203.JP)$Is significantly higher. In the previous day's US FOMC meeting, a 0.5% interest rate cut was decided, which was more than the expected 0.25% cut. However, the US stock market initially rose and then fell, and long-term US interest rates also increased, which was unexpected. As a result of the rise in long-term US interest rates, the foreign exchange market has also shifted to a strong dollar and weak yen, leading to a significant retreat in concerns of a strong yen after a substantial rate cut. This has increased the sense of stability for automobile stocks, such as the company, which benefit from a weak yen.
Toyota shares continued to rise significantly, despite the drastic interest rate cuts in the US, with the yen weakening and providing a sense of comfort for buyers.
$Toyota Motor (7203.JP)$Is significantly higher. In the previous day's US FOMC meeting, a 0.5% interest rate cut was decided, which was more than the expected 0.25% cut. However, the US stock market initially rose and then fell, and long-term US interest rates also increased, which was unexpected. As a result of the rise in long-term US interest rates, the foreign exchange market has also shifted to a strong dollar and weak yen, leading to a significant retreat in concerns of a strong yen after a substantial rate cut. This has increased the sense of stability for automobile stocks, such as the company, which benefit from a weak yen.
Sumitomo RIN -- Large continued rise to new highs, expectations for the future of the US housing market are rising.
$Sumitomo Forestry (1911.JP)$ Is significantly higher and has reached a new high for July 23rd. The US housing starts for August, announced the previous day, increased by 9.6% from the previous month to an annual rate of 1.356 million units, turning positive for the first time in two months. This exceeds the market expectation of around 1.31 million units. In addition, the US FOMC has decided to implement a 0.5% interest rate cut, which is also seen as a support for the housing market in the future. It seems that expectations for the future of the US housing industry are increasing.
$Sumitomo Forestry (1911.JP)$ Is significantly higher and has reached a new high for July 23rd. The US housing starts for August, announced the previous day, increased by 9.6% from the previous month to an annual rate of 1.356 million units, turning positive for the first time in two months. This exceeds the market expectation of around 1.31 million units. In addition, the US FOMC has decided to implement a 0.5% interest rate cut, which is also seen as a support for the housing market in the future. It seems that expectations for the future of the US housing industry are increasing.
Mitsubishi Heavy Industries surged significantly, reaching an agreement with French Eutelsat on the launch of multiple satellites.
$Mitsubishi Heavy Industries (7011.JP)$Is significantly rebounding. On the 18th, Mitsubishi Heavy Industries announced that they have reached an agreement with Eutelsat, one of the world's leading satellite operators, regarding multiple satellite launches. This news is being viewed favorably. Mitsubishi Heavy Industries plans to provide multiple launch transportation services using the new core rocket "H3" after 2027 to contribute to Eutelsat's continuous satellite services.
$Mitsubishi Heavy Industries (7011.JP)$Is significantly rebounding. On the 18th, Mitsubishi Heavy Industries announced that they have reached an agreement with Eutelsat, one of the world's leading satellite operators, regarding multiple satellite launches. This news is being viewed favorably. Mitsubishi Heavy Industries plans to provide multiple launch transportation services using the new core rocket "H3" after 2027 to contribute to Eutelsat's continuous satellite services.
Source: MINKABU, Bloomberg, FISCO
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有頂天 : A
james_007 : The Nikkei average closed at 37,155.33 yen, up 775.16 yen from the previous trading day. Is this a good trend? The evaluation value of eMAX Slim All Country is also expected to rise! Personally, I hope for a weaker yen.
hazy454392 : Nikkei average
フェルナンデスシルバ : How should I invest?