TOKYO (Archyde.com) – Today’s Tokyo stock market is expected to see Nikkei 225 start with a buying lead and try to reach the milestone of 28,000 yen in the morning. It is expected that the price movement will continue to be firm, following the previous day’s rise in US stock prices. However, profit-taking sales are expected to prevail after the price hits 28,000 yen, and after a pause in the rise, it is likely that the price will level at around 27,900 yen.
The expected range for the Nikkei Stock Average is 27,800 yen to 28,100 yen.
In the US stock market on the previous day, all three major indexes rose. The Nasdaq Composite hit a three-month high on the back of brighter earnings forecasts from PayPal and CVS Health.
Today’s Japanese stocks are expected to test the 28,000 yen level as the US stock market rises and moves steadily from early in the morning. However, after exceeding the same level so far, there have been many scenes where profit-taking selling has been pushed. It may be difficult to do so,” said a domestic securities company.
Toyota Motor Corporation is scheduled to announce its financial results today, and attention will be paid to whether the results will exceed market expectations. If the results are favorable, it is expected that the company’s stock will be actively sought after, but “the impact on the overall market may be limited,” said the same company.
Although the sense of caution over US-China relations has eased once, China plans to carry out military exercises until the 7th, and trends in Asian stocks are also attracting attention.
In other schedules, Nippon Steel, Nikon, etc. are scheduled to announce their financial results. Overseas, the number of new applications for unemployment insurance in the United States (Ministry of Labor) and trade balance in June (Ministry of Commerce) are scheduled to be announced.
Closing price of the previous business day High price since the beginning of the year Low price since the beginning of the year
Nikkei Average 27741.90 29388.16 24681.74
+147.17 2022/01/0 2022/03/0
5 9
Chicago Nikkei Stock Average Futures 27975 (Yen denominated)