This week's points
Japanese stocks are expected to be turbulent this week. In response to Federal Reserve Chairman Powell's dovish speech on 8/23,An upward trend that is conscious of 0.04 million yenmay be expected, but the impact on US stocks as a whole is significant $NVIDIA (NVDA.US)$There is also a possibility that the market price will fluctuate greatly up and down due to the announcement of financial results. If the results are disappointing, severe developments are expected for semiconductor stocks. However, in that case,There is a large probability that funds will go to other stocks by avoiding semiconductor stocks. If the settlement response is good,Developments where risk appetite is strengthened globallycan be expected. Also, after passing the event, it is expected that price movements will continue while being aware of exchange rate trends in preparation for the PCE deflator announcement (30th), which the US Federal Reserve emphasizes.
The US market has passed the Jackson Hole Conference, and while the long-awaited dovish policy change is imminent, preparations are being made for the first rate cut in this cycle at the US FOMC on 9/17-18. However, the Fed still relies heavily on data, and the latest at the September meeting...

Looking back on last week
“Rough price movements continue in a historic market crash”
Last week's $Nikkei 225 (.N225.JP)$ It fell 884.70 yen (-2.46%) to 35025.00 yen during the week. The biggest decline ever of 4451.28 yen was recorded on the 5th, exceeding the decline of 3846.48 yen the day after Black Monday on 1987/10/20. On the following day, the 6th, it was a historic price movement, with the biggest increase ever recorded of 3217.04 yen.
In the Tokyo market on the 5th, in response to the drastic decline in US stocks and the rapid appreciation of the yen in exchange rates, many large stocks such as high-tech stocks started selling, and the decline in the Nikkei Average widened all at once. In the futures market, Nikkei average futures, $TOPIX (.TOPIX.JP)$ 、 $TSE Growth Market 250 Index (.TSEMOTHR.JP)$ Circuit breakers were activated one after another, and dumping of spot stocks involved in margin trading accelerated. The exchange rate also became a historic crash due to the rapid rise of yen to 141 yen per dollar. The next day, a reaction against the crash took precedence, and there was a sudden backlash. On the 7th, Bank of Japan Vice Governor Uchida Shinichi said, “The financial market is in an unstable situation...