Domestic stock market outlook: Financial stocks are supported despite the yen's appreciation, will the Nikkei average continue its consolidation phase?

The Nikkei average fell slightly by 75.82 yen (−0.20%) to 38,208.03 yen for the week, with moments below the 38,000 yen level. In the USA, there was increasing speculation about a rate cut at the Federal Open Market Committee (FOMC) meeting in December, while speculation about a rate hike at the Bank of Japan's monetary policy meeting in December increased. As a result, the narrowing of the interest rate difference between Japan and the USA was recognized, leading to the exchange rate market entering the 149 yen level against the dollar for the first time in about a month. The NY Dow Jones Industrial Average has been setting record highs daily, among other positive movements in the US stock market.

Fisco JapanNov 30 00:15 ET

ADR Japanese stock ranking~High and low vary, Chicago is 38,300 yen, 130 yen higher than Osaka~

Japanese stocks of American Depositary Receipt (ADR), when compared to the Tokyo Stock Exchange (converted at 1 dollar to 149.59 yen), saw increases in Denso <6902>, Disco <6146>, Komatsu <6301>, SMC <6273>, Mizuho Financial Group <8411>, and others, while Yucho Bank <7182>, Japan Post Holdings <6178>, Nidec <6594>, Seven & i Holdings <3382>, MS&AD Insurance Group Holdings <8725>, Mitsubishi UFJ Financial Group <8306>, Nintendo Co Ltd <7974>, and others experienced declines.

Fisco JapanNov 29 18:05 ET

Despite the progress of the yen's appreciation, there is a strong price movement around 38,000 yen.

The Nikkei average fell. It ended the trading at 38,208.03 yen, down 141.03 yen (with a volume of approximately 1.62 billion shares). With Thanksgiving in the US the previous day causing a lack of clues in the market, the yen's temporary increase to the 149 yen per dollar range due to the announcement of the November Consumer Price Index (CPI) for Tokyo's wards before the start of trading was not well received. Export-related stocks were mainly sold, and there were moments when the Nikkei average dropped to 37,986.97 yen in the mid-morning session. However,

Fisco JapanNov 29 02:37 ET

Nikkei average falls, with yen appreciation accelerating, but financial stocks providing support among others.

Last night's usa market was closed for the Thanksgiving holiday. The currency exchange market saw continued lack of movement in the trading of major currencies. The dollar-yen exchange rate struggled to rise. After being bought up to 151.77 yen at one point, it dropped to 151.41 yen, closing at 151.50 yen. Although the usa market was closed, the consumer price index for the Tokyo metropolitan area announced in the morning exceeded market financial estimates, strengthening the expectations for an interest rate hike by the bank, pushing the dollar to the 149 yen level for the first time in a month. In response to the yen's appreciation in the currency exchange, the Tokyo market sold.

Fisco JapanNov 29 02:00 ET

JP Movers | The Chiba Bank Rose 4.21%, Leading Nikkei 225 Components, Disco Topped Turnover List

Market sentiment was stable today as Nikkei 225 components continued to trade sideways, with The Chiba Bank(8331.JP) being the top gainer today, rising 4.21% to close at 1250.5 yen. In addition, the top loser was Nissan Motor(7201.JP)，falling 4.01% to end at 358.9 yen.

Moomoo NewsNov 29 01:50 ET

Today's flows: 11/29 Kansai Electric Power saw an inflow of JPY¥ 3.62 billion, Disco saw an outflow of JPY¥ 9.64 billion

On November 29th, the TSE Main Market saw an inflow of JPY¥ 628.34 billion and an outflow of JPY¥ 683.55 billion.$Kansai Electric Power(9503.JP)$, $Mitsubishi UFJ Financial Group(8306.JP)$ and $

Moomoo NewsNov 29 01:45 ET