そのため、日経平均株価は狭いレンジでのこう着となり、物色としては個人主体の材料株などに短期的な値幅取り狙いの資金が向かいやすいと考えられる。そのほか、昨日はアドバンテスト＜6857＞が高値更新後に下落に転じたことがセンチメントを冷ます形になった。ただし、直近で弱い値動きをみせていたファーストリテイリング＜9983＞や中外薬＜4519＞が買われており、持ち高調整に伴うリバランスの動きとみられる。On the 10th, the Japanese stock market is likely to experience a strong consolidation as market participants are limited. The US market was closed on the 9th for a day of mourning for former President Carter. The Chicago Nikkei 225 Futures are down 15 yen compared to Osaka at 39,545 yen. The yen is trading in the 158.10 yen range against the dollar.
The Nikkei average is expected to start off with limited movement, following the Chicago futures closely. The recent drop has brought it down to the 25-day moving average, making it easier to attract buying aimed at self-rebound. Additionally, ahead of the US market holiday, the adjustment of positions is believed to have run its course up to the previous day, leading to a perceived firmness in lower levels.
However, in the USA, views have emerged regarding a slowdown in the pace of further interest rate cuts from members of the Federal Reserve Board, including Governor Bowman and Boston Fed President Collins, as well as Philadelphia Fed President Harker, which could create some nervousness. On the 10th in the USA, the announcement of December Employment Statistics is impending, which is likely to heighten the wait-and-see attitude.
Therefore, the Nikkei average could remain in a narrow range, and funds may tend to focus on material stocks driven by individual investors aiming for short-term price movements. Additionally, yesterday, Advantest <6857> turned to decline after reaching new highs, cooling market sentiment. However, stock movements of Fast Retailing <9983> and Chugai Pharmaceutical <4519>, which had shown weakness recently, have seen buying, indicating movements related to position adjustments.
If Advantest begins to see buying again, it could lead to increased buying in other impactful technology stocks. The Nikkei average is likely to regard the 25-day moving average as a Resistance, and during instances where it approaches that line, a dip-buying stance may be adopted.
